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Real estate stocks faced intense selling on February 14, causing the Nifty Realty index to drop nearly 2%
Real estate stocks
Real Estate Stocks Fall: Real estate stocks faced intense selling on February 14, causing the Nifty Realty index to drop nearly 2% by 12:26 PM.
Major Losers in the Sector
Phoenix Mills led the losses, falling 3.3% and nearing its 52-week low. Raymond and Godrej Properties also saw significant declines, both dropping over 3%. Raymond’s shares were trading around Rs 1,373, while Godrej Properties’ shares were at Rs 1,962, marking a 32% drop over the past six months, nearing their 52-week low.
Other Realty Stocks Slide
Oberoi Realty, Mahindra Lifespace Developers, and Sobha experienced sharp declines of over 2%. Prestige Estates and DLF also saw losses of more than 1%, with DLF’s fall contributing notably to the overall Nifty Realty drop due to its significant weightage in the index.
Brigade Enterprises and Lodha (Macrotech Developers) faced minor losses, also trading in the red.
Market-Wide Selloff & Factors Behind It
The real estate sector’s decline was part of a broader market selloff, with the Sensex down over 500 points at 75,603 and the Nifty falling by nearly 196 points to 22,836, as all sectoral indices turned negative.
The market’s downturn was fueled by concerns over US President Trump’s proposal to impose reciprocal tariffs on countries with trade deficits with the US, along with ongoing foreign capital outflows. Additionally, weak third-quarter earnings contributed to the overall negative market sentiment.
