Going ahead, analysts suggest investors stick to domestic economy-focused sectors as the geopolitical situation still warrants caution.
Lodha Developers was the top laggard in the Nifty Realty pack following a 7.56 per cent decline. Godrej Properties followed close behind as it declined 7.42 per cent.
In the past three months, the Nifty Realty index outperformed the market by soaring 21 per cent, against a 2 per cent gain in the Nifty 50.
The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.
The BSE Realty index turned positive on an YTD basis in July, having gained over 43% from its calendar year low. Analysts flag a positive bias in the short-term, but caution over long-term; here's why
Stocks to watch today: HDFC Bank, Coal India, Tata Steel, Sobha Ltd, Bank of Baroda, Radico Khaitan, Senco Gold, Fortis Healthcare, IndusInd Bank, Dabur, among others, will be in focus today.
Shareholding data shows that FIIs reduced equity holdings in 11 stocks from Nifty 500 in every single quarter after March 2024. List includes PNB Housing Finance, Eternal and Cyient among others.
Among sectors, Bernstein expects oil marketing companies (OMCs) will likely stand to benefit from reduced crude oil prices that dropped around 4 per cent on Monday to $83 a barrel (bbl)
Virat Jagad, technical analyst at Bonanza believes that DLF, Sobha and Lodha are precariously placed on the charts, wherein a breach of key supports could make them vulnerable to further downside.
Analysts expect Indian real estate growth to slow in FY27, but see opportunities in Lodha, Sobha, Mahindra Lifespace, DLF and Prestige Estates amid healthy demand for project launches
Sobha, Godrej Properties, Phoenix, Anant Raj, Lodha Developers, Oberoi Realty and Aditya Birla Real Estate were up between 3 per cent and 4 per cent on the NSE in Tuesday's intra-day trade.
Bank, realty, auto and financial services stocks surged up to 10 per cent after the Reserve Bank of India (RBI) maintained status quo