Realty sector crumbles the worst

The entire market is down in the deep red, literally looking like a carnage. Out of the total 2096 stocks traded today, 1839 stocks are and believe it or not, some 230 stocks have managed to go up.

Industry wise, the BSE Realty is beaten down the most, down almost 6%. Of the 13 stocks tracked in the sector, all 13 are down in the red. Indiabull Real Estate leads the fall, down 9%, next comes DLF down over 7%. Third comes in HDIL, down almost 7%, followed by Prestige , Unitech, Oberoi. NBCC is also a big loser, down over 5.5%.

This sector is probably the worst placed in terms of quick recovery in its macros. Demand continues to remain low and companies remain debt laden. Thus when in markets like these, such troubled sectors will be the first to lose.