BSE Sensex extends fall on profit-taking after rally

Reuters Market Eye - The Sensex falls as blue chips decline on profit-taking after both the benchmark index and the Nifty gained nearly 10 percent over the previous four sessions.

The Nifty is down 0.13 percent, while the Sensex falls 0.3 percent.

Tata Motors falls 2.5 percent after a near-10 percent rise on Tuesday was seen as overdone, while ITC falls 1.8 percent.

Cairn India falls 2.4 percent as Brent crude futures declined more than 4 percent in the previous two days as fears eased of an imminent strike against Syria.

However, foreign institutional investors (FIIs) have bought 50.5 billion rupees worth of Indian cash shares in the previous four sessions.

 

(Reporting by Abhishek Vishnoi)