BSE Sensex snaps winning streak, falls 113 pts, Infosys Ltd shares drop

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Infosys Ltd provisionally declined 1.8%, extending falls due to worries about its fiscal 2014 revenue. (Reuters) Infosys Ltd provisionally declined 1.8%, extending falls due to worries about its fiscal 2014 revenue. (Reuters)
SummaryInfosys shares decline 1.8% on worries about fiscal 2014 revenue.

Snapping its three-day rally, the BSE Sensex today fell by over 113 points, mainly due to profit booking by investors after recent gains in bluechips, including Infosys and RIL, amid signs of some capital outflows.

The 30-share index started the day on a bearish note at 19,529.31 and fell further by 113.57 points, or 0.58 per cent, to 19,463.82. Sensex had gained over 1,000 points in the last three sessions.


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* BSE Sensex

* NSE Nifty


Similarly, the wide-based National Stock Exchange index Nifty lost 41.30 points, or 0.70 per cent, to close at 5,857.55. Also, SX40 index, the flagship index of MCX-SX,

closed 54.34 points, or 0.47 per cent lower at 11,566.47.

Brokers said a fall in heavyweights Reliance Industries and and Infosys as investors rushed to book profits after bourses surged to new highs in the past couple of days.

Also, a downtrend in realty, auto and banking sectors weighed on the trading sentiment, amid a weak opening in Europe as investors awaited a report on the US factory orders.

Meanwhile, rupee declined by 16 paise to 59.67 in mid-session today. Foreign institutional investors pulled out Rs 1.48 crore from local equities yesterday, as per BSE provisional data.

Out of the 30 BSE shares, 18 stocks ended in the negative. RIL dropped 1.30 per cent to Rs 871.30 and Infosys by 1.72 per cent to Rs 2,405.55.

In auto sector, Tata Motors dropped 1.10 per cent to Rs 286.45, tractor maker Mahindra and Mahindra by 0.26 per cent to Rs 979.90, Maruti Suzuki by 1.62 per cent to Rs 1,579.20, Hero MotoCorp by 1.07 per cent to Rs 1,680.25 and Bajaj Auto

by 0.27 per cent to Rs 1,918, following reports of decline in auto sales.

Sectorally, the realty sector index suffered the most by losing 1.78 per cent to 1,562.20, followed by public sector undertaking sector by 1.05 per cent to 6,187.37.

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