BSE Realty index top loser today; Indiabulls Real Estate plunges 11%

By: | Published: June 24, 2016 12:59 PM

Overall, market benchmark Sensex nosedived over 1,000 points as UK's vote to exit European Union sent financial markets into a tailspin, eroding nearly Rs 4 lakh crore from the investors' wealth held in stocks.

real estate bse sensex nse niftyAs Dalal Steet witnessed bloodbath on Friday, real estate sector took a hit among the sectoral indices on the BSE. (Reuters)

As Dalal Steet witnessed bloodbath on Friday, real estate sector took a hit among the sectoral indices on the BSE. In the afternoon trade, the BSE Realty index was trading 6.25 per cent down at 1387.48 (at 12.47 pm).

Among the 11 components in the BSE Realty index, Indiabulls Real Estate was trading 11 per cent down at Rs 82.15, followed by Unitech (down 10.50 per cent), HDIL (8.07 per cent) and DLF (down 6.88 per cent).

bse realty index sensex

Other real estate majors such as Prestige Estates, Sobha Ltd, Oberoi Realty were down by 5.89 per cent, 3.87 per cent and 3.63 per cent, respectively.

Godrej Properties, Phoenix Mills Ltd, NBCC and Omaxe were also down by 3.24 per cent, 2.33 per cent, 2.12 per cent and 1.50 per cent, respectively.

Overall, market benchmark Sensex nosedived over 1,000 points as UK’s vote to exit European Union sent financial markets into a tailspin, eroding nearly Rs 4 lakh crore from the investors’ wealth held in stocks.

The BSE Realty index was among top losers in the BSE sectoral indices till afternoon session. Rest all other sectoral indices were also down up to 5.88 per cent.

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