The Nifty Realty index ended Thursday’s trading session on a negative note, closing 2.09% lower at 809.35, as selling pressure weighed on major real estate stocks. Despite gains in select stocks, the index suffered broad-based losses, reflecting concerns in the realty sector.
Top Gainers and Losers in the Nifty Realty Index
Among the top gainers in the index were:
- Sobha Ltd. (+0.76%)
- Brigade Enterprises Ltd. (+0.3%)
However, several real estate stocks saw significant declines, dragging the index down. The top losers included:
- Prestige Estates Projects Ltd. (-4.82%)
- Phoenix Mills Ltd. (-3.24%)
- Raymond Ltd. (-2.81%)
- Mahindra Lifespace Developers Ltd. (-2.76%)
- Godrej Properties Ltd. (-2.41%)
Nifty and Sensex Performance
The broader NSE Nifty50 index ended the session almost flat, down 2.5 points at 22,545.05, while the BSE Sensex gained 10.31 points to close at 74,612.43. Market sentiment remained mixed, with sectoral indices showing varied performance.
Market Breadth and Most Active Stocks
Out of the 50 stocks in the Nifty index, 18 ended in the green, while 32 closed in the red, indicating a negative market breadth.
Among the most actively traded stocks on the NSE were:
- Vodafone Idea
- YES Bank
- Bandhan Bank
- IDFC First Bank
- Manappuram Finance
52-Week Highs and Lows
Several stocks hit their 52-week highs and lows during the session:
New 52-Week Highs:
- Bajaj Finance
- Blue Coast Hotel
- Norben Tea Exports
- Chambal Fertilisers
- Hexaware Technologies
New 52-Week Lows:
- R R Kabel
- Swelect Energy
- GNFC
- JNK India
- Enviro Infra Engineering
Market Outlook
The real estate sector remains under pressure, with higher interest rates and demand fluctuations affecting investor sentiment. Analysts suggest watching key policy decisions and earnings reports for further clarity on the sector’s trajectory. Meanwhile, broader market indices remain range-bound, with investors focusing on macroeconomic cues and global market trends.
As markets continue to react to sectoral developments and global economic conditions, traders and investors will keep a close eye on key support and resistance levels in the coming sessions.
