{"id":88946,"date":"2018-08-24T12:00:49","date_gmt":"2018-08-24T12:00:49","guid":{"rendered":"http:\/\/www.bnreport.com\/stock-market-update-realty-stocks-under-pressure-hdil-plunges-over-3\/"},"modified":"2018-08-24T12:00:49","modified_gmt":"2018-08-24T12:00:49","slug":"stock-market-update-realty-stocks-under-pressure-hdil-plunges-over-3","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/stock-market-update-realty-stocks-under-pressure-hdil-plunges-over-3\/","title":{"rendered":"Stock market update: Realty stocks under pressure; HDIL plunges over 3%"},"content":{"rendered":"

NEW DELHI: Losses in Housing Development & Infrastructure (HDIL) (down 3.68 per cent), Prestige Estates Projects (down 1.23 per cent) and Sobha (down 0.99 per cent) weighed on Nifty Realty<\/a> index in Friday's session. <\/p>\n

The Nifty Realty index was trading 0.26 per cent down at 273.25 around 1 pm. <\/p>\n

Shares of Phoenix Mills (down 0.59 per cent), Indiabulls Real Estate (down 0.34 per cent) and Godrej Properties (down 0.12 per cent) too were in the red. <\/p>\n

Meanwhile, shares of Brigade Enterprises (up 0.63 per cent) were in the green, while those of Oberoi Realty, DLF and Unitech were trading nearly flat. <\/p>\n

Indian equity market was lacklustre amid mixed global cues as trade talks between the US and China ended without any significant outcome. <\/p>\n

Caution crept in ahead of Federal Reserve Chairman Jerome Powell's speech at the annual global central bank conference in Jackson Hole later in the day. <\/p>\n

Besides, profit-booking at record levels amid weakness in the Indian rupee against the US dollar dented sentiment here. <\/p>\n

Benchmark NSE Nifty50 index was down 47 points at 11,535, while the BSE Sensex was 160 points down at 38,177. <\/p>\n

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red. <\/p>\n

ONGC, Bharti Infratel, Bajaj Finance, Vedanta and Grasim Industries were among the top gainers, while YES Bank, Sun Pharmaceutical Industries, ICICI Bank, Titan Company and Adani Ports were among the top losers in the Sensex pack of stocks. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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NEW DELHI: Losses in Housing Development & Infrastructure (H..<\/p>\n","protected":false},"author":1,"featured_media":88947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-88946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nStock market update: Realty stocks under pressure; HDIL plunges over 3% - Business News Report<\/title>\n<meta name=\"description\" content=\"NEW DELHI: Losses in Housing Development & Infrastructure (H..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/stock-market-update-realty-stocks-under-pressure-hdil-plunges-over-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock market update: Realty stocks under pressure; 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