Indian markets managed to close strong on Monday after Friday's rally. The gap-up opening was supported mainly by bullish outlook after NDA's strong win in Maharashtra.

The shares of real estate companies, particularly those headquartered in Maharashtra, witnessed significant upward momentum on November 25, climbing as much as 7 percent.

Indian markets have corrected from higher levels as massive selling has been witnessed during the last few days. Any pullback rallies have been used for selling at higher levels.

Indian Stock Markets continued with the declining trend in today's session as markets remained most of the session in negative zone.

Prestige Estates Projects stock closed 3 percent lower in today's session and we could see further decline in this counter as the markets will adjust the price based on negative news.

Indian real estate market has witnessed strong sales and majority of listed companies in real estate sector have reduced their debt in the recent quarters.