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Realty Index Plummets Amid Market Downturn
15 Sep
Summary
- Nifty Realty index closed down 4.04% at 814.25 today.
- The index has lost 9.00% over the past month.
- Realty index has fallen 10.00% in the last year.
The Nifty Realty index concluded trading today with a notable decline, registering a 4.04% drop and settling at 814.25. This recent downturn contributes to a broader negative trend, with the index having lost 9.00% over the preceding month.
Several key constituents within the real estate sector experienced individual setbacks. Prestige Estates Projects Ltd saw its stock fall by 5.41%, Godrej Properties Ltd dropped by 5.07%, and Lodha Developers Ltd slipped by 4.66% on the same day.
Comparing its performance to the broader market, the Nifty Realty index has decreased by 10.00% over the last year. In contrast, the benchmark Nifty 50 index has experienced a 7.78% fall during the same period. Other indices also reflected a downward trend, with the Nifty Metal index sliding 2.54% and the Nifty PSU Bank index dropping 2.29% today. The Nifty 50 itself declined 1.19% to close at 23118.6, while the SENSEX fell 1.04% to 74003.82.
