Realty shares in focus; Nifty Realty index up nearly 4%

Oberoi Realty, Prestige Estates Projects, Puravankara, Kolte Patil Developers, Marathon Nextgen Realty and Hubtown have rallied up to 19% in intra-day trade

Shares of real estate companies were in focus with the Nifty Realty index surging nearly four per cent on the National Stock Exchange (NSE), on back of strong rally in Oberoi Realty and Prestige Estates.

At 03:03 pm; Nifty Realty index, the largest gainer among sectoral indices, was up 3.6% at 334, as compared to 0.90% rise in the benchmark Nifty 50 index.

Oberoi Realty hit a new high of Rs 574, up 19% on the NSE on the back of heavy volumes. The stock hit a record high of Rs 577 on the BSE in intra-day trade.