Sensex down 100 points while Nifty nears 8,560

The 30-share Sensex of the Bombay Stock Exchange (Sensex) registered a drop of about 100 points by Friday afternoon due to losses recorded by BHEL, Coal India, SBI and Cipla.

Reports said that the 50-share National Stiock Exchange (Nifty) index was nearing 8550 points.

BHEL's announcement of less than satisfactory quarter one results was cited as one of the main factors for the shares-related drop at the BSE.

BHEL said in a statement that its shares had registered a drop of over eight per cent after the company's Q1 PAT slumped 82.43 per cent year-on-year to Rs. 33.90 crores versus Rs.193 crores.