BSE Sensex fall on the back of basket selling

Written by fe Bureau | Mumbai | Updated: Feb 6 2014, 18:01pm hrs
Benchmark indices fell on Thursday with overseas investors looking to exit from emerging markets. BSE Sensex was down 95.14 points or 0.47% at 20,165.89 points, while NSE Nifty was down 27.65 points or 0.46% at 5,994.75 points.

Globally, foreign institutional investors (FIIs) have been selling. Today, markets are down on account of basket-selling, said Vinay Khattar, head (research), Edelweiss.

Among the Sensex stocks , * Bharat Heavy Electricals (-3.02%) was the biggest loser. The power equipment maker on Wednesday reported 41% y-o-y decline in its net profit to Rs 695 crore. * Tata Consultancy Services (-1.65%), ICICI Bank (-1.49%) and Larsen & Toubro Ltd (-1.14%) were among other losers. Among sectoral indices, BSE Realty (-1.5%), BSE Capital Goods (-1.14%) and BSE Bankex (-0.66%) were the major losers.

Meanwhile, most Asian indices were trading in the green. Nikkei (0.45%), Hang Seng (0.20%), Kospi (0.88%) and Jakarta Composite (0.46%) were the major gainers.