Home / Business and Economy / Realty Stocks Plummet: Nifty Realty Index Down 3.53%
Realty Stocks Plummet: Nifty Realty Index Down 3.53%
8 Dec
Summary
- Nifty Realty index dropped 3.53% today, concluding at 861.65.
- The index has experienced a significant 9.00% decline over the past month.
- Over the last year, the Nifty Realty index fell 20.00% versus Nifty 50's gain.
The Nifty Realty index experienced a considerable downturn today, ending the trading session down by 3.53% at 861.65. This performance highlights a challenging period for the real estate sector, as the index has also recorded a substantial 9.00% decrease over the preceding month. The decline today was influenced by significant drops in prominent constituent companies.
Several key players within the real estate sector saw their stock values diminish. Godrej Properties Ltd. shed 5.15%, Prestige Estates Projects Ltd. fell by 4.72%, and DLF Ltd. experienced a drop of 4.49%. This broad-based weakness within the realty index contrasts sharply with the performance of the benchmark Nifty 50 index.
Over a longer timeframe, the Nifty Realty index has underperformed significantly, declining by 20.00% in the past year. This is in stark contrast to the benchmark Nifty 50 index, which has achieved a 5.20% increase during the same period. Other indices also faced pressure, with the Nifty PSU Bank and Nifty Media indices dropping 2.81% and 2.73% respectively.
