Signals, Powered By EquityPandit
The Nifty Realty index fell 5% on 5th August, continuing its decline for the fourth consecutive day. This index has now corrected 15% from its peak on 18th June, 2024.
In today’s session, the Nifty Realty index is the top sectoral loser, with all 10 index constituents down between 2% to 7%. Godrej Properties is the biggest loser, while Brigade Enterprises Ltd. and Phoenix Mills Ltd. are both down 6%. Real estate stocks are facing profit booking after recent surges in many of these stocks.
| Nifty Realty Index Stocks | Declines Since the 18th June Peak |
| Macrotech Developers | -26.26% |
| Sobha | -21.27% |
| Brigade Enterprises | -17.54% |
| Prestige Estates | -14.75% |
| Phoenix Mills | -14.05% |
| Oberoi Realty | -10.98% |
| Mahindra Lifesciences | -10.16% |
| Godrej Properties | -9.10% |
| DLF | -7.44% |
| Sunteck Realty | -1.24% |
Nifty and Sensex continued to decline for the second session, affected by weak global cues and US recession fears.
Dow Jones futures are down over 400 points and Nasdaq 100 futures are down more than 1,000 points, or over 4%.
Japanese markets had their worst day since 1987 today.
At 1:25 PM, the Nifty Realty Index was down by 4.78% at 987.55 points on the NSE.
Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!
