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Share market update: Realty stocks crumble ahead of RBI's policy outcome; Oberoi Realty cracks 7%

The Nifty Realty index was trading 2.63 per cent down at 209 around 01:27 pm.

ETMarkets.com|
Updated: Oct 05, 2018, 01.34 PM IST
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Share market update: Realty stocks crumble ahead of RBI's policy outcome; Oberoi Realty cracks 7%
HPCL, BPCL, Indian Oil Corporation, ONGC and GAIL (India) were among the top losers in the Nifty index.
NEW DELHI: Most realty stocks were suffering major losses ahead of RBI policy meet outcome on Friday.

The Nifty Realty index was trading 2.63 per cent down at 209 around 01:27 pm with all components in the red.

Oberoi Realty (down 7.30 per cent) was the top loser in the index.

Unitech (down 3.70 per cent), Sunteck Realty (down 2.86 per cent) and DLF (down 2.08 per cent) too suffered major losses.

Godrej Properties (down 1.96 per cent), Phoenix Mills (down 1.84 per cent), Sobha (down 1.20 per cent) and Indiabulls Real Estate (down 1.06 per cent) declined over 1 per cent.

Shares of Brigade Enterprises (down 0.55 per cent) were down by half-a-per cent.

Equity market benchmarks Sensex and Nifty extended their losing streak to the third consecutive session on Friday amid concerns over rupee's continuous fall against the US dollar and surging global crude oil prices.

Selling was observed in most sectors ahead of the RBI's bi-monthly policy meet outcome amid weak global cues.

The NSE Nifty50 index was down 179 points at 10,420, while the BSE Sensex was 466 points down at 34,703.

Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.

HPCL, BPCL, Indian Oil Corporation, ONGC and GAIL (India) were among the top losers in the Nifty index.

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