Saturday, March 8, 2008

The BSE Realty index underperformed the market over the past one month till 5 March 2008, declining 21.89% compared to the Sensex’s fall of 11.37%

It underperformed Sensex.

The BSE Sensex was down 639.40 points or 3.87% to 15,902.32, on weak global cues. Concerns on the political front also weighed on the market after the Communist Party of India-Marxists (CPM) on Thursday, 6 March 2008, renewed its threat on the United Progressive Alliance (UPA) government saying that the ruling coalition’s future depended on how it took the call on pursuing the Indo-US nuclear deal.

Key losers from real estate sector were DLF (down 5.25% to Rs 645.50), Unitech (down 9.15% to Rs 283.95), and Parsvnath Developers (down 6.10% to Rs 224.70) declined.

The BSE Realty index had underperformed the market in the past one quarter, declining 26.54% compared to Sensex’s decline of 16.44%.
BSE Realty index worst hit in market fall

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