Indiabulls Real Estate and Phoenix Mills Trading In the Green Index
On 11 April, 2018, Realty stocks Phoenix Mills, Godrej Properties, DLF and Indiabulls Real Estate were in the green zone during afternoon trade. At around 1:10 pm, it was seen that the Nifty Realty index was trading 0.18 per cent up at 307 level.
However, the top loser in the realty index was Unitech. In the beginning of this week, the Supreme Court ordered that a public notice be issued inviting objections for auctioning the unencumbered assets of Unitech to realise the dues of home buyers.
The list of stocks those were trading in the negative territory at the same time includes Prestige Estates Projects, Oberoi Realty, Sobha, Housing Development & Infrastructure and Brigade Enterprises.
Amid mixed global cues, equity benchmarks were choppy. Selling in bank, oil, financial, pharma and auto majors weighed on key equity indices. The NSE Nifty50 index was down 7 points at 10,395, while the BSE Sensex was up 15 points at 33,895.
Out of total 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.