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Realty Index Plummets: A Month of Losses
16 Dec
Summary
- Nifty Realty index concluded today down 1.29% at 874.75.
- The index has experienced a significant 7.00% decline over the past month.
- Over the last year, the Nifty Realty index has fallen 22.00%, underperforming the Nifty 50.
The Nifty Realty index faced a challenging trading day, concluding with a 1.29% loss and settling at 874.75. This downturn extends a broader trend, with the index having shed 7.00% over the preceding month, indicating persistent weakness in the real estate sector.
Individual companies within the index showed mixed performances but largely contributed to the overall decline. Brigade Enterprises Ltd fell by 2.91%, and Godrej Properties Ltd saw a decrease of 2.14%. Conversely, Sobha Ltd registered a gain of 2.39%, offering a slight counterpoint to the prevailing negative sentiment.
Comparing its performance against the broader market, the Nifty Realty index has suffered a substantial 22.00% drop over the last year. This contrasts sharply with the benchmark Nifty 50 index, which has managed a 4.83% increase during the same period, highlighting the significant underperformance of real estate stocks.
