Datawatch: Realty index cracks 27% YTD

The Indian equity markets fell further after the benchmark index Sensex witness seven-month closing low yesterday. Again Reality index was among major loser as it was down 4% in today’s trading session. In last two days (including today) realty index has lost 7% while Sensex lost 2.5% and closed at 17592.

February 14, 2011 / 16:30 IST

The Indian equity markets slumped to its seven-month low on Wednesday battered by consistent negative newsflow. The BSE Realty index was among the top losers with a cut of 7% in last two days and 4% for the day while the Sensex lost 2.5%.

According to Amit Gupta of ICICI Securities the trend is towards the downside for the entire real estate pack. The trend is further reinforced taking into account the index

first published: Feb 9, 2011 04:14 pm

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