Realty stocks, as expected has been beaten down today after the crackdown exercise of Modi on black money. The sector, which probably is a haven for tax evaders and black money, will naturally be the worst affected due to this ban on 500 and1000 rupee notes. The smaller builders will probably have more trouble than the bigger ones but on the Sensex, all realty stocks are colored in the same streak of deep red.

Top loser is DLF, down over 17% at Rs.119, followed by Indiabulls Real Estate – down over 16%, ditto for HDIL which is also down over 16% and DHFL has slumped over 10%. The BSE Realty Index is down over 10% with not a single stock from the sector in the green.