CCI fine on DLF: Realty stocks hammered

A day after the competition watchdog imposed a R630-crore fine on DLF for abusing its dominant market position, the real estate share index on Bombay Stock Exchange dropped by 2.8%, while the Sensex rose 0.7%.

A day after the competition watchdog imposed a Rs 630-crore fine on DLF for abusing its dominant market position, the real estate share index on Bombay Stock Exchange dropped by 2.8%, while the Sensex rose 0.7%.

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"DLF is the market leader and when it is facing tough times on the capital market, other realty firms would follow suit," said Alex Mathew, research head, Geogit BNP Paribas Financials.

Analysts also expressed concerns about realty firms' promoters pledging their shares.