Home / Business and Economy / Realty Index Plummets Amid Market Downturn
Realty Index Plummets Amid Market Downturn
12 May
Summary
- Nifty Realty index closed down 4.11% at 765.7 today.
- Index has seen a 12% decrease over the past year.
- Major real estate stocks like Lodha and Prestige also fell.
The Nifty Realty index closed significantly lower today, down by 4.11% to reach 765.7. This sharp fall occurred amidst a general decline in the broader market, with the Nifty 50 index declining 1.83% and the Sensex shedding 1.92% of its value.
Looking at longer-term performance, the Nifty Realty index has experienced a considerable 12.00% decrease over the past year. This marks a more substantial fall compared to the benchmark Nifty 50 index, which has declined by 6.20% in the same period.
Several key constituents of the Nifty Realty index also saw considerable losses today. Anant Raj Ltd fell by 6.70%, Lodha Developers Ltd slipped 5.56%, and Prestige Estates Projects Ltd shed 5.13% of its value, contributing to the overall index's poor performance.
