BSE Sensex falls around 400 points on profit taking

MUMBAI (Reuters) - The BSE Sensex fell around 400 points while the broader Nifty lost more than 100 points on Tuesday led by declines in blue chip shares including HDFC as investors booked profits after gaining in the previous three sessions.

Traders also point to doubts about whether the government would raise subsidised diesel prices - a step analysts say could raise confidence about the government's ability to meet its fiscal deficit target.

Housing Development Finance Corp Ltd slumped 4.6 percent, while ITC Ltd fell 2.3 percent.

The BSE Sensex fell 1.9 percent after four days of gains, while the broader Nifty fell 2.2 percent at 1252 IST.

 

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)