Sensex falls around 200 points; IT stocks decline

Reuters Market Eye - The BSE Sensex fell around 200 points while the broader Nifty was down 60 points on Wednesday, led by declines in IT shares.

Shares of Wipro Ltd fell 4.85 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 1.38 percent, Infosys Ltd was down 1 percent, while HCL Technologies Ltd fell 1.37 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)