BSE Sensex falls around 100 points; Wipro shares plunge

Written by Agencies | Mumbai | Updated: Jul 25 2014, 17:16pm hrs
BSE SensexExtending the winning run to eighth straight day, Sensex had ended at a new peak of 26,271.85 on Thursday.
The broader NSE Nifty falls 0.44 per cent, while the benchmark BSE Sensex is down 0.36 per cent after both indexes hit record highs in the previous trading session.

Technology shares down, with Wipro falling as much as 8.12 per cent after the company's earnings missed estimates.

Tata Consultancy Services (TCS) falls 0.7 per cent, while Infosys Ltd is down 0.78 per cent.

Among other stocks, Hindalco Industries falls 2.2 per cent on profit-taking after gains in the last three sessions.

However, defensive stocks such as consumer and healthcare shares gain on portfolio de-risking. Hindustan Unilever adds 1.6 per cent, while Sun Pharmaceutical Industries gains 2.2 percent.

Asian shares pulled away from this week's three-year highs on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.

BSE Sensex falls from lifetime high on profit-booking in early trade

The benchmark BSE Sensex slipped from record-high by falling over 25 points in early trade today as investors booked profits.

The 30-share barometer, which had gained 1,264.87 points in the past eight sessions, fell by 25.15 points, or 0.09 per cent, to 26,246.70 after scaling a new lifetime high of 26,300.17 for a while in opening trade.

The gauge had closed at a new record-high of 26,271.85 yesterday.

On similar lines, the broad-based National Stock Exchange index Nifty shed 10.25 points, or 0.13 per cent, to 7,820.35, after touching a lifetime high of 7,840.95 in opening trade.

Among other Asian markets, Hong Kong's Hang Seng rose by 0.44 per cent, while Japan's Nikkei moved up by 0.57 per cent in early trade.

However, the US Dow Jones Industrial Average ended 0.02 per cent lower in yesterday's trade.