Real Estate stocks were trading in the positive zone, with the S&P BSE Realty Index index rising 61.66 points or 2.44% at 2586.87 at 09:49 IST. Among the components of the S&P BSE Realty Index index, Oberoi Realty Ltd (up 4.67%), Indiabulls Real Estate Ltd (up 2.78%),Godrej Properties Ltd (up 2.67%),DLF Ltd (up 2.64%),Brigade Enterprises Ltd (up 2.05%), were the top gainers. Among the other gainers were Sobha Ltd (up 1.97%), Sunteck Realty Ltd (up 1.15%), Phoenix Mills Ltd (up 1.08%), and Prestige Estates Projects Ltd (up 1.06%). On the other hand, Mahindra Lifespace Developers Ltd (down 0.21%), moved lower.
At 09:49 IST, the S&P BSE Sensex was up 496 or 1% at 50060.86.
The firm is currently known as Dhani Services. The former non-executive director, Pia Johnson, and her husband, Mehul Johnson, violated the Prohibition of Insider Trading (PIT) norms by trading in firm s scrip while in possession of unpublished price-sensitive information (UPSI) when the trading window ought to have been closed. Mehul was also an employee of Indiabulls Real Estate Ltd (IREL) and has association with Indibulls Group companies. Pia and Mehul made collective gains of Rs 69.09 lakh. The investigation period is January-November 2017. For violation of insider trading norms, Pia and Mehul Johnson are facing a fine of Rs 25 lakh each. In March 2017, the company told the NSE that Indiabulls Distribution Services Ltd, a wholly-owned subsidiary of Indiabulls Venture, had signed a definitive agreement to sell its 100 per cent stake in India Land and Properties Ltd, at a consideration of Rs 685 crore, to Indiabulls Infrastructure Ltd, a wholly-owned subsidiary of IREL.
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Real Estate stocks were trading with losses, with the S&P BSE Realty Index index decreasing 70.66 points or 2.86% at 2400 at 13:49 IST. Among the components of the S&P BSE Realty Index index, DLF Ltd (down 5.12%), Indiabulls Real Estate Ltd (down 4.12%),Sunteck Realty Ltd (down 3.14%),Brigade Enterprises Ltd (down 2.78%),Oberoi Realty Ltd (down 2.68%), were the top losers. Among the other losers were Sobha Ltd (down 1.97%), Phoenix Mills Ltd (down 1.72%), Godrej Properties Ltd (down 1.7%), Mahindra Lifespace Developers Ltd (down 0.54%), and Prestige Estates Projects Ltd (down 0.19%).
At 13:49 IST, the S&P BSE Sensex was down 13.51 or 0.03% at 48677.29.
The Nifty 50 index was down 22.75 points or 0.15% at 14673.75.
Real Estate stocks were trading with gains, with the S&P BSE Realty Index index rising 39.37 points or 1.59% at 2512.96 at 09:49 IST. Among the components of the S&P BSE Realty Index index, Phoenix Mills Ltd (up 4.12%), Sunteck Realty Ltd (up 3.71%),Oberoi Realty Ltd (up 2.58%),Brigade Enterprises Ltd (up 1.67%),DLF Ltd (up 1.39%), were the top gainers. Among the other gainers were Mahindra Lifespace Developers Ltd (up 1.28%), Prestige Estates Projects Ltd (up 1.23%), Godrej Properties Ltd (up 0.58%), and Sobha Ltd (up 0.14%). On the other hand, Indiabulls Real Estate Ltd (down 0.69%), moved lower.
At 09:49 IST, the S&P BSE Sensex was down 333.62 or 0.68% at 48828.19.