Sensex edges lower; Reliance, Hero MotoCorp fall

Reuters Market Eye - The BSE Sensex is down 0.3 percent, while the broader Nifty falls 0.2 percent, tracking weak global peers ahead of monthly U.S. jobs data.

Reliance Industries Ltd falls 1 percent on profit-taking after rising more than 5 percent in the last three consecutive sessions, till Monday.

Hero MotoCorp Ltd falls 2 percent ahead of its July-September earnings on Wednesday.

Hero may miss the consensus operating profit forecast for the July-September quarter when it reports results on Wednesday, according to Thomson Reuters StarMine data.

Shares of Indian sugar companies rally after global raw sugar futures spiked to a one-year high after a fire engulfed four warehouses in Brazil's Santos port, jeopardizing a fifth of monthly exports from the top producer's main terminal.

 

Shree Renuka Sugars Ltd surges 11.8 percent, Bajaj Hindusthan Ltd gains 7.1 percent, while Balrampur Chini Mills Ltd is up 3.8 percent.

(Reporting by Abhishek Vishnoi)