Nifty Realty index 33-month high; Indiabulls surges over 10%

Indiabulls, Godrej Prop, DLF, Prestige Estate, Dilip Buildcon and Ajmera Realty hit 52-week highs

Shares of real estate companies were in focus with the Nifty Realty index hitting 33-month high on the National Stock Exchange (NSE) in intra-day trade after a strong rally in Indiabulls Real Estate, Housing Development & Infrastructure (HDIL) and Godrej Properties.

At 10:15 am; Nifty Realty index was the largest gainer among sectoral indices. It was up 3.7% at 261.80 as compared to 0.47% rise in the Nifty 50 index. The realty index hit an intra-day high of 262, its highest level since July 11, 2014 on NSE.

The S&P BSE Realty index was up 4.5% against 0.44%