Sensex flat; DLF, Gammon India continue to lose
The market seems to be losing buyers' interest today. As most of the stocks continue to shed gains, the market was finding difficult to hold firm.
The market seems to be losing buyers' interest. As most of the stocks continue to shed gains, the market was finding difficult to hold firm.
The Sensex was down 56.64 points at 19440.54 while the Nifty lost 24.25 points to be at 5872.70. Top losers on the BSE are DLF (down 2.8%), Cairn India (down 2.3%) and Dr Reddy’s Lab (down 1.1%).
Gammon India was down 4.5% after posting a net loss of Rs 261cr vs a profit of 1 cr y-o-y. Net sales have seen a marginal growth to Rs1216 crore vs Rs1184 crore.
Meanwhile, Tata Powers, Ranbaxy Labs and Sun Pharma are some of the top gainers on the Sensex.
Most of the Asian markets were sluggish led by Japan which was down 1.6% on stronger yen and caution ahead of the G20 meet where yen devaluation is in focus. Rest of Asia was trading mixed. Markets like China and Taiwan remain shut for lunar new year.