Sensex edges lower; foreign investors sell

Reuters Market Eye - The BSE Sensex is down 0.29 percent, while the broader Nifty is 0.24 percent lower.

Foreign investors sold Indian cash shares worth a net 1.04 billion rupees ($17.8 million) on Tuesday, their first sales since April 16, provisional data from the NSE and SEBI showed.

Recent outperformers fall: Larsen & Toubro declines 1.7 percent, while HDFC Bank is down 1.04 percent.

Sun Pharmaceutical Industries Ltd falls 0.5 percent after the U.S. FDA said on Tuesday that the drug maker' response to a U.S. import ban on one of its plants lacked "sufficient corrective actions."

But some domestic-oriented stocks continue to gain: NTPC gains 1.2 percent, while Bank of Baroda is up 0.8 percent.

 

(Reporting by Abhishek Vishnoi)