BSE Sensex falls to new 2013 low, IT stocks hit, Nifty down 0.34%
Sensex fell on Friday to its lowest levels in 2013 as Dr. Reddy's shares retreated a day after reporting a larger-than-expected fall in quarterly earnings, while software service exporters fell on profit-booking.
However, Tata Motors provisionally rose 2.5 percent, recovering from an earlier fall of as much as 3.1 percent, as traders saw initial losses - sparked by a drop in quarterly earnings - as overdone given expectations for a recovery in profits.
Dr. Reddy's Laboratories provisionally fell 3.2 percent, while Infosys Ltd ended down 1.2 percent.
The Sensex provisionally fell 0.32 percent to its lowest close since December 31, 2012.
The 50-share Nifty ended fell 0.34 percent.
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Sensex declines 29 pts; Dr Reddy loses 3.55%
Mumbai, Feb 15 (PTI) The BSE benchmark Sensex today closed 29 points down on selling by funds mainly in oil & gas and IT sector stocks amid dismal earnings by some bluechip companies.
Falling for the second straight day, the index closed 29.03 points lower, or 0.15 per cent, to 19,468.15, led by Reliance Industries, Infosys and Dr Reddy.
The index had lost 111 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty fell by 9.55 points, or 0.16 per cent, to 5,887.40.
Brokers said the Sensex limping down and hovered around year's lowest levels as funds booked profits on steady inflow of dismal quarter earnings by leading companies.
They said a weak Asian trend and
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