Sensex falls for third day; Apollo Tyres slumps

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Reuters MUMBAI
Last Updated : Jun 13 2013 | 3:55 PM IST

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MUMBAI (Reuters) - The BSE Sensex fell for a third consecutive session on Thursday, after Apollo Tyres slumped as its $2.5 billion acquisition raised concerns about its debt levels, while Sun Pharma dropped after settling a patent suit with Pfizer for $550 million.

Apollo Tyres Ltd provisionally fell 26 percent, while Sun Pharmaceutical Industries Ltd ended 3.2 percent lower.

The BSE Sensex provisionally fell 1.26 percent, while the 50-share Nifty ended down 1.06 percent.

(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)

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First Published: Jun 13 2013 | 3:47 PM IST

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