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Realty index ends as top sectoral loser

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Weakness in realty stocks on Tuesday sent the BSE Realty Index down 1.75 percent and to the top of the list of sectoral losers.

Top listed realty firms Unitech and DLF posted losses of 2.9 percent and 1.8 percent respectively. Sobha Developers, which dropped 3.8 percent, was the top loser in the index.

Mahindra Lifespace was the only stock in the index that closed in the green.

The realty index has gained around 4 percent in 2010, while firms like DLF and Unitech have gained 5.2 percent and 3.7 percent respectively in the same period.

Do you think it is a good time to invest in this sector?

Realty stocks surge in weak market

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Realty stocks closed the week on a positive note even as the market ended in the red. The BSE Realty Index gained over 3 percent in trade and was the top sectoral performer.

All shares in the index, except Phoenix Mills, ended positive with Peninsula Land gaining nearly 10 percent.

Realty stocks struggle

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Realty stocks struggled in trade on Monday as the market ended weak after slipping over 100 points.

The BSE Realty index shed 1.2 percent, with leading firms Unitech and DLF losing over 2 percent each. The two led the list of losers.

Realty stocks shine as markets soar

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Realty stocks posted smart gains on Tuesday with the realty index gaining 3.2 percent and ending as the top sectoral performer.

The Sensex ended nearly 250 points higher at 17,228.

Ansal Properties was the star performer among realty index stocks with a jump of over 12 percent, followed by Parsvnath which gained a bit over 7 percent.

Realty sector feels the heat

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INDIAThe BSE Realty Index topped the list of sectoral losers on Thursday, with the index falling 4.3 percent as real estate stocks came under pressure.

Indiabulls Real Estate, HDIL and Unitech slipped over 5 percent each and ended as the top losers in the index. Phoenix Mills was the only counter on the index that closed in the green.

DLF, Unitech shares bounce back

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Shares in Unitech, India’s leading real estate firm, gained over 10 percent on NSE after its shares suffered major losses on Tuesday as markets dropped sharply.

The 50-share Nifty index gained over 3 percent on Wednesday to close above the 4,700 mark led by gains in stocks like Reliance Industries, ICICI and Infosys.

Realty stocks slump

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The BSE Realty Index lost 9.8 percent on Tuesday in a broader market that slipped nearly 500 points on the first trading day of November.

Realty majors Unitech and DLF ended the day with losses of over 9 percent each. DLF shares have dropped more than 30 percent since October.

Realty stocks rise in a weak market

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A lacklustre day for the market, but a good day for realty stocks.

The BSE real estate index made smart gains of nearly 4.6 percent on Tuesday, a day after the finance minister made additional budget proposals that could benefit the common man.

Pranab Mukherjee proposed a 1 percent interest subsidy on home loans up to one million rupees for one year and tax breaks for developers if they complete real estate projects by March 2012.

Sensex gains 1 pct led by Infosys, ONGC

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INDIA-BUDGETThe Sensex added 148 points on Friday to close at 15,378 as investors remained optimistic after better than expected quarterly results.

The benchmark’s rise was led by Infosys Technologies, ONGC and Tata Steel, which were up in the range 2-6 percent.

Market ends flat, L&T down after results

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INDIAIt was a lacklustre day for the Sensex which ended three points lower at 14,250 as investors booked profits after a two-day rally.

Engineering and construction firm Larsen & Toubro fell 3.6 percent and was the main stock that pushed the benchmark lower. Earlier in the day the company had announced its Q1 net profit had risen to 15.98 billion rupees.

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