Sensex down ITC hits record on earnings

he Sensex falls 0.75 percent, while the Nifty loses 0.78 percent. Bank shares fall on profit-taking: ICICI Bank loses 0.9 percent, after gaining 18 percent since the end of August to Thursday's close, outperforming Nifty that gained 8.75 percent during the same period.

Battery maker Exide industries shares fall 8 percent after profit and margins missed market estimates as higher other expenditure and employee costs dented operating performance.

Broader gains in the indices are capped by gains in cigarette make ITC , which rose to a new all time high of 298.90 rupees after posting a 21 percent surge in Sept quarter earnings from year ago.

 

ITC shares last up 1.9 percent.