Realty stocks under pressure; down up to 6.5% on Moody's report

MUMBAI: Stocks of realty companies witnessed selling pressure today, falling by up to 6.5 per cent, after ratings agency Moody's said weak housing sales and stagnant prices will pose challenge to big real estate developers over the next 12 months. 

Shares of Indiabulls Real EstateBSE -6.55 % slumped 6.55 per cent, Godrej PropertiesBSE -4.45 % shed 4.74 per cent, DLF lost 4.33 per cent and Unitech fell by 3.95 per cent on BSE. 

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Market crash wipes out over Rs 2 lakh crore from investors wealth

MUMBAI: A sharp sell-off in the stock market wiped out over Rs 2 lakh crore from investors' wealth today as the benchmark Sensex plummeted 587 points following weak domestic and global macroeconomic data. 

Total investor wealth of BSE-listed companies tumbled by Rs 2,02,654.47 crore to Rs 96,25,276 crore. 

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