Nifty Realty
index extends gains; IB Real Estate up 3%
Decent
gains in real estate players such as Indiabulls Real EstateBSE 2.95 % (up 2.78
per cent), Phoenix MillsBSE 2.92 % (up 2.43 per cent), Godrej PropertiesBSE
-1.03 % (up 1.05 per cent), Housing Development & Infrastructure (up 0.98
per cent), DLF (up 0.98 per cent), Sobha (up 0.74 per cent) and UnitechBSE
-0.43 % (up 0.72 per cent) helped Nifty Realty index extends the gains for the
second straight session on Wednesday.
The
Nifty Realty index was trading 0.98 per cent up at 274, while benchmark Nifty50
was 0.07 per cent down at 9,865 and Sensex was at 31,560, down 0.12 per cent
around 10.11 am (IST).
Delta
Corp (down 0.95 per cent) and Oberoi RealtyBSE -0.24 % (down 0.37 per cent)
were the two constituents of the index that were trading in the red.
Besides
realty, IT and auto indices also turned green, lifted by good gains in shares
of Tata ElxsiBSE 1.47 % (up 2.05 per cent), TCSBSE 1.07 % (up 1.11 per cent),
ExideBSE 1.22 % (up 1.43 per cent), TVS MotorBSE 0.96 % (up 1.14 per cent) and
Bosch (up 1.09 percent).
Pharma
stocks were reeling under selling pressure. Barring Piramal Enterprises (up
0.21 per cent), all components of the Nifty Pharma index were trading in the
red, with shares of Divi's LaboratoriesBSE -6.81 %, cracking over 6 percent.
Cement
stocks such as Ambuja CementsBSE 2.17 % and ACCBSE 0.83 % were topping the
Nifty index, with gains of 2 percent.
Indiabulls
Housing Finance, Sun PharmaBSE -2.70 % and Adani Ports cracked over 2 per cent
in the Nifty index.
On the NSE, 875 stocks were advancing, compared with
654 stocks declining and 424 stocks remaining unchanged.
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