Stock market update: Nifty Realty plunges over 5%; HDIL, DLF among top losers

NEW DELHI: The Nifty Realty index plunged over 5 per cent in Monday's session on heavy losses in most components.

Extending the losses to the fourth consecutive session, the Nifty Realty index was trading 5.45 per cent down at 235 around 12:40 pm with all components in the red.

Housing Development & Infrastructure (HDIL) (down 9.41 per cent) was the top loser in the index, followed by Oberoi Realty (down 7.35 per cent) and DLF (down 6.79 per cent).

Shares of Phoenix Mills (down 5.48 per cent), Indiabulls Real Estate (down 4.31 per cent), Brigade Enterprises (down 4.25 per cent), Sobha (down 3.39 per cent) and Prestige Estates Projects (down 3.17 per cent) cracked over 3 per cent.

Unitech and Godrej Properties declined up to 2 per cent.

Market extended its losing streak to Monday's session as rupee's fall and rising crude oil prices weighed on sentiment.

Benchmark NSE Nifty50 index was down 135 points at 11,008, while the BSE Sensex was 391 points down at 36,450.

Among the 50 stocks in the Nifty index, 11 were trading with gains, while 38 were incurring losses.

Tata Consultancy Services, Tech Mahindra, Infosys, ONGC and Coal India were among the gainers in the Nifty index.

Indiabulls Housing Finance, Bajaj Finance, Mahindra & Mahindra, Maruti Suzuki India and Eicher Motors were among the Nifty scrips that failed to perform.