Sensex down on profit-taking after three-day rally

Reuters Market Eye - The BSE Sensex fell on profit-taking on Friday after a three-day rally and on caution ahead of the Reserve Bank of India's policy review later in the day.

The BSE Sensex fell 0.14 percent, while the Nifty edged down 0.03 percent at 10.39 am.

Among blue chip shares, ITC Ltd falls 0.24 percent while Larsen and Toubro Ltd is down 1.82 percent.

Bank shares fall on caution ahead of the Reserve Bank of India policy review: ICICI Bank Ltd is down 0.86 percent, while Yes Bank Ltd falls 2.21 percent.

However, foreign investors bought cash shares worth 35.43 billion rupees and derivatives worth 31.17 billion rupees on Thursday, exchange data shows, after the U.S. Federal Reserve's decision to keep its stimulus intact.

 

Foreign institutional investors have bought 113.5 billion rupees worth of Indian shares over the previous 11 sessions, exchange and regulatory data shows.

(Reporting by Abhishek Vishnoi)