BSE Sensex falls on profit-taking aviation shares gain

BSE-SENSEX-BANKS-SBI-NIFTY-ICICI:BSE Sensex falls on profit-taking aviation shares gain

 The BSE Sensex is down 0.22 percent to 19,297.61 while the Nifty is also down 0.21 percent at 5,867.50.

Indian stocks down after gaining 4.5 percent in November, as recent outperformers such as HDFC Bank fall on profit-taking.

HDFC Bank falls 2.4 percent while ITC is down 1.2 percent.

However, Aviation stocks such as Jet Airways gain on a report in Mint newspaper that the airline will soon seek regulatory approval to tweak its ownership pattern to facilitate a stake sale to Etihad Airways.

Jet Airways gains 5.9 percent while SpiceJet is also up 6.1 percent on speculation over potential stake sale, dealers say.

 

Traders closely tracking the vote on foreign investment in multi-brand retail in parliament for further direction.