Sensex down around 200 points; Nifty below 5,500

Reuters Market Eye - The Sensex is down around 200 points and the Nifty slips below 5,500, heading for a fifth consecutive session of falls. Indian shares are retreating from session highs amid continued concerns after foreign funds net sold $30.03 million of equities on Monday, marking a fourth consecutive session of sales.

Shares in Hindustan Unilever Ltd fall 1.35 percent after parent company Unilever Plc cited the risk of a slowdown in key emerging markets in an annual report.

Wipro Ltd falls 3.3 percent in the first trading session after the company split its non-IT business into a separate unit.

Bharat Heavy Electricals Ltd shares fall 1.7 percent a day after the company reported an 8 percent fall in provisional net profit for the fiscal year ended March 31.

 

(Reporting by Manoj Dharra)