Real estate stocks in focus; Sobha, Indiabulls up over 3%

At 09:53 am; the Nifty Realty index was up 2.8%, as compared to 0.51% rise in Nifty 50.

Shares of real estate companies were in focus with the Nifty Realty Index gaining nearly 3% on the National Stock Exchange (NSE) in early morning trade.

Sobha, Indiabulls Real Estate, Godrej Properties, Prestige Estates, DLF and Housing Development and Infrastructure (HDIL) from the Nifty Realty index were up between 2% and 8% on the NSE.

At 09:53 am; the Nifty Realty index, the largest gainer among sectoral indices, was up 2.8% at 258, trading close to its 52-week high of 264 hit on April 26, in intra-day trade. In comparison, Nifty 50 index was up 0.51 at 9,351.