Real Estate shares slide
Real Estate stocks were trading with losses, with the BSE Realty index falling 421.25 points or 5.55% at 7168.41 at 13:41 IST.
Among the components of the BSE Realty index, Macrotech Developers Ltd (down 8.02%), Phoenix Mills Ltd (down 7.89%),Sobha Ltd (down 6.56%),Brigade Enterprises Ltd (down 6.32%),SignatureGlobal India Ltd (down 5.45%), were the top losers. Among the other losers were Anant Raj Ltd (down 5%), DLF Ltd (down 4.77%), Oberoi Realty Ltd (down 4.73%), Prestige Estates Projects Ltd (down 4.2%), and Godrej Properties Ltd (down 4.13%).
At 13:41 IST, the BSE SmallCap was down 1845.74 or 3.5% at 50876.6.
The BSE 150 MidCap Index index was down 524.82 points or 3.44% at 14738.6.
The Nifty 50 index was down 275.9 points or 1.18% at 23155.6.
 "Australian Open 2025")
 "Stock Market, Market, Crash, Lost, decline, statistic, Crisis, Capital, BSE, NSE")
 "Home Loan, Loan, Home, House")
 "The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.")
 "Chandrashekhar Bawankule, Chandrashekhar")
The BSE Sensex index was down 829.66 points or 1.07% at 76549.25.
On BSE,607 shares were trading in green, 3416 were trading in red and 147 were unchanged.
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First Published: Jan 13 2025 | 2:00 PM IST