Money on the markets

A maturing market amid the mayhem

Realty stocks tumble

August 25, 2010

People look at a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai September 15, 2008. REUTERS/Punit Paranjpe/FilesIt was a tough day for real estate counters as the sectoral index dropped more than 3 percent and ended as the top loser among BSE indices.

All but one stock in the index closed in red, with Orbit Corp shares ending down 5 percent as the top loser. Indiabulls Real Estate slipped 3.8 percent.

Top listed firm DLF slipped 3.3 percent whereas rival Unitech slipped 3.6 percent.

Do you think the fall is an opportunity to enter this sector?

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