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Nifty Realty index: Realty gets a valuation check, stocks plunge

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Mumbai: Property developers are losing flavour on Dalal Street as risk-off sentiment in equities is prompting investors to cut exposure to these shares considered richly valued after the two-year rally.

The Nifty Realty index, comprising 10 top shares in the sector, plunged 4.6% on Wednesday…

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