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Stock market update: Realty index settles in the green post RBI policy outcome

The Nifty Realty index finished Wednesday's session 0.18 per cent up at 273.

ETMarkets.com|
Updated: Aug 01, 2018, 05.06 PM IST
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Stock market update: Realty index settles in the green post RBI policy outcome
Shares of Godrej Properties jumped nearly 4 per cent.
NEW DELHI: Realty stocks settled mixed after the monetary policy committee (MPC) of the Reserve Bank on Wednesday hiked repo rate by 25 basis points to 6.50 per cent in its third bi-monthly monetary policy review of 2018-19.

The Nifty Realty index finished Wednesday's session 0.18 per cent up at 273.

Shares of Godrej Properties (up 3.85 per cent), Phoenix Mills (up 2.81 per cent), Prestige Estates Projects (up 2.25 per cent) and Sobha (up 0.32 per cent) settled in the green in the index.

Indiabulls Real Estate (down 2.28 per cent), Housing Development & Infrastructure (HDIL) (down 2.07 per cent), DLF (down 1.78 per cent), Oberoi Realty (down 1.64 per cent), Unitech (down 1.18 per cent) and Brigade Enterprises (down 0.53 per cent) suffered losses.

The market barometer Sensex fell about 85 points, or 0.23 per cent, on Wednesday, snapping eight straight sessions of record-setting gains.

Bank, financial, metal and auto stocks, including HDFC twins, ICICI Bank, Maruti and Vedanta proved to be major drags on the benchmark index today.

The index settled at 37,522, with 13 stocks in the green and 18 in the red.

The NSE Nifty slipped 10 points, or 0.09 per cent, settling at 11,346, with 26 stocks in the green and 24 stocks in the red.
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