Nifty Realty index down 3% dragged by Indiabulls Real Estate, Phoenix Mills, Sunteck Realty

The Nifty Realty fell nearly 2 percent on Wednesday dragged mainly by Indiabulls Real Estate, Phoenix Mills and Sunteck Realty. The Nifty Realty was among the worst-performing indices on the NSE today, trading lower by 2.91 percent.

Shares of Indiabulls Real Estate fell as much as 11 percent to Rs 79.10, intraday. Phoenix Mills shares declined over 5 percent, while Sunteck Realty's stock price was down by 4.6 percent, intraday.

Sobha, Brigade Enterprises and DLF also declined between 2 percent to 3 percent. Godrej Properties and Prestige fell around 1 percent.

However, shares of Oberoi Realty and Mahindra Lifespace on the index traded in green and were up between 0.5 percent and 1.5 percent.

At 11.50 AM, the Nifty 50 was trading 19.95 points, or 0.18 percent, lower at 11,065.45.