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Weak day for realty counters

March 12, 2010

Realty stocks ended the week on a negative note with the sectoral index slipping 0.8 percent to end as the top loser among sectors.

Sobha Developers led the fall with a 3.4 percent decline, followed by Peninsula Land which fell 2 percent.

Top players DLF and Unitech slipped 0.8 and 0.3 percent respectively. Anant Raj Industries was the only stock in the index that closed in the green.

The Realty Index has gained 4.6 percent this month, which is almost the same as the Sensex’s growth during the period.

As per a recent Economic Times report, Karvy Stock Broking is negative on the real estate sector.

Will you invest in this sector at this juncture?

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