Sensex falls around 100 points; IT stocks decline

Reuters Market Eye - The BSE Sensex fell more than 100 points while the broader Nifty was down 32 points on Wednesday, led by declines in IT shares.

Shares of Wipro Ltd fell 5 percent after its July-September revenue in dollar terms grew 2.7 percent sequentially, lagging other major IT services exporters, dealers say.

Other IT stocks also fell on profit-taking: Tata Consultancy Services Ltd was down 1.2 percent, Infosys Ltd was down 1.3 percent, while HCL Technologies Ltd fell 1.9 percent.

The NSE index for IT shares <.CNXIT> is up 45.4 percent in 2013 compared with Nifty returns of 4.6 percent, as of Tuesday's close.

 

Hero MotoCorp Ltd was down 0.5 percent ahead of its July-September results later in the day.

(Reporting by Abhishek Vishnoi)