BSE Sensex hits 2-1/2 month low on emerging market woes

Written by Reuters | Mumbai | Updated: Feb 3 2014, 19:12pm hrs
Stock marketBSE Sensex falls to its lowest level since November 22, while the Nifty is heading for a sixth day of falls in seven.
The BSE Sensex falls 0.92 percent to its lowest level since November 22, while the NSE Nifty is down 0.91 per cent, heading for a sixth day of falls in seven.

Blue chips extend falls on continued worries about emerging markets. ICICI Bank falls 2.2 percent while Tata Motors Ltd is down 2.7 percent.

Telecom shares fall ahead of the mobile spectrum auction. Bharti Airtel falls 3 per cent while Idea Cellular Ltd drops 0.5 per cent.

Also weighing on sentiment, overseas investors sold Indian shares worth $104.2 million on Friday, provisional exchange data shows.