Sensex continues to retreat from record high

Image
Reuters
Last Updated : Apr 28 2014 | 10:47 AM IST

Reuters Market Eye - The BSE Sensex is lower 0.2 percent and the Nifty is down 0.3 percent, retreating from record highs last hit on Friday.

IDFC Ltd shares fall 2.2 percent after the infrastructure lender's January-March quarter net profit halved, lagging consensus estimates.

ICICI Bank is also down 1 percent, adding to Friday's 2.2 percent fall after its January-March profit when adjusted for one-time foreign exchange gain, lagged estimates.

Falls also track choppy Asian shares after an uninspiring performance on Wall Street and amid increasing tension in Ukraine.

(Reporting by Abhishek Vishnoi)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 28 2014 | 10:38 AM IST

Next Story