BSE Sensex down 0.4%, Tata Motors gains ahead of results

Nov 08 2013, 10:37 IST
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Tata Motors shares rise ahead of its results due later in the day. Tata Motors shares rise ahead of its results due later in the day.
SummaryBlue-chip stocks such as TCS and HDFC fall 1.2 per cent and 1.8 per cent respectively

BSE Sensex index is trading down 0.4 per cent, heading for a fourth consecutive fall in a holiday-shortened week after hitting a record high last week.

The broader NSE index falls 0.5 per cent.

Asian shares slump to a four-week low after Wall Street suffered its biggest fall in more than two months, while a surprise interest rate cut by the European Central Bank knocked down the euro to a seven-week low.

Blue-chip stocks such as Tata Consultancy Services (TCS) and Housing Development Finance Corporation Ltd (HDFC) fall 1.2 per cent and 1.8 per cent, respectively, continuing to be hit by profit-taking.

Tata Motors rises 2.2 percent ahead of its results due later in the day.

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