BSE Sensex falls to new 2013 low, IT stocks hit, Nifty down 0.34%
Dr Reddy Lab, DLF Ltd and Bajaj Auto declined after they posted third-quarter earnings below market expectations. Dr Reddy lost 3.55 per cent to Rs 1,811.50, DLF by 2.03 per cent to Rs 248.80, Maruti Suzuki by 0.81 per cent to Rs 1,472.75 and Bajaj Auto by 1.41 per cent to Rs 1,974.
The two most heavy on the benchmark with their 16 per cent weightage Reliance Industries and Infosys dropped by 1.20 per cent to Rs 844.85 and by 0.99 per cent to Rs 2,785.20, respectively.
Sentiment also dampened ever since the Central Statistics Office reduced the economic growth outlook to lowest in a decade at 5 per cent from and reports of fall in industrial production in December, they added.
The oil and gas sector index fell the most by 0.83 per cent to 8,928.35 followed by IT index by 0.58 per cent to 6,477.68. Healthcare index lost 0.30 per cent to 7,899.28 and Teck index by 0.27 per cent to 3,778.69.
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