BSE Sensex falls more than 150 points, Cipla, Coal India shares down after earnings

Written by Reuters | Mumbai | Updated: Feb 13 2014, 19:21pm hrs
BSE SensexShares of Cipla and Coal India tank after December quarter earnings of both companies fell short of expectations.
The BSE Sensex falls 0.8 percent, while the broader Nifty is down 0.9 percent.

Shares of Cipla fall 6.4 per cent after the company's December-quarter profit dropped by 16.5 per cent to 2.84 billion rupees, lagging some analysts' estimates.

Coal India Ltd, the world's largest coal miner by output, is trading 3.6 per cent lower after its December quarter earnings fell short of expectations.

Overseas investors bought Indian shares worth 2.12 billion rupees on Wednesday, snapping their nine-day selling streak in the secondary share market, exchange data showed.