NEW DELHI: Losses in Indiabulls Real Estate (down 2.37 per cent), Phoenix Mills (down 1.09 per cent), Brigade Enterprises (down 1.05 per cent) and DLF (down 0.52 per cent) were keeping the Nifty Realty index under pressure during Friday's trade.The Nifty Realty index was trading 0.31 per cent down at 290 around 12:50 pm.However, shares of Unitech (up 6.06 per cent), Prestige Estates Projects (up 1.14 per cent), Godrej Properties (up 0.30 per cent) and Sobha (up 0.11 per cent) were in the green.Meanwhile, shares of Oberoi Realty and Housing Development Infrastructure (HDIL) were almost flat around that time.Market was appearing to be on the correction mode after the recent rally.
A deprecating rupee against the dollar and surging crude oil prices dampened the sentiment.Benchmark NSE Nifty50 index was down 47 points at 10,721, while the BSE Sensex was 152 points down at 35,312.
Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.
Sun Pharma, Dr.
Reddy's Laboratories, Lupin, Tata Motors and Cipla were among the top gainers in the Nifty index.On the other hand, Power Grid Corporation, Hindalco Industries, BPCL, HDFC and ICICI Bank were among the top losers in the Nifty index.