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Realty Index Climbs Amidst Market Fluctuations
25 Nov
Summary
- Nifty Realty index closed up 1.62% at 901.35 today.
- Anant Raj, Brigade Enterprises, and Phoenix Mills saw gains.
- Realty index fell 12% in a year, while Nifty 50 rose 6.87%.
The Nifty Realty index concluded today's trading session with a gain of 1.62%, reaching a closing value of 901.35. This upward movement was bolstered by notable performances from individual constituents such as Anant Raj Ltd, which surged 4.14%, Brigade Enterprises Ltd with a 3.39% increase, and Phoenix Mills Ltd, which jumped 3.21%.
However, the recent performance paints a mixed picture for the real estate sector. Over the past month, the index has seen a decline of 4.00%. Furthermore, looking at a longer timeframe, the Nifty Realty index has fallen 12.00% over the last year. This contrasts sharply with the broader market, as the benchmark Nifty 50 index has achieved a positive return of 6.87% during the same annual period.
In the broader market context, the Nifty 50 itself experienced a slight dip of 0.29%, closing at 25884.8, while the SENSEX also slid by 0.37% to end at 84587.01. Other sector-specific indices showed varied performance, with the Nifty PSU Bank index gaining 1.44% and the Nifty Media index declining by 0.80% on the same day.
