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Stock market update: Realty shares slip; Godrej Properties tanks 11%

realestate-gettyNEW DELHI: Realty shares were trading with losses in Tuesday’s morning session.

Shares of Godrej Properties (down 11.16 per cent), Oberoi RealtyNSE -1.72 % (down 1.84 per cent), Indiabulls Real EstateNSE 0.52 % (down 1.42 per cent) and Sobha (down 0.97 per cent) were the top losers in the index.

Sunteck Realty (down 0.55 per cent), Brigade Enterprises (down 0.48 per cent) and Phoenix Mills (down 0.27 per cent) too were trading lower.

The Nifty Realty index was trading 1.85 per cent down at 286.40 around 10:31 am.

Benchmark NSE Nifty50 index was down 25.30 points at 11,840.30 while the BSE Sensex was 95.60 points at 39,590.90.

Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.

Shares of YES Bank, Adani Power, Vodafone Idea, Dish TV India, ZEEL, PNB, Tata Motors, Adani Enterprises, Adani Green Energy and JSPL were among the most traded shares on the NSE.