Sensex flat in choppy trade; Reliance Industries falls

Reuters Market Eye - The BSE Sensex falls 0.04 percent and the 50-share Nifty up 0.05 percent in choppy trade. Reliance Industries' shares fall 2.8 percent after its revenue growth for the January-March quarter missed analyst estimates while profits were broadly in line.

Tech shares fall tracking the rupee's appreciation and on worries that a proposed U.S. Senate immigration bill may lead to outsourcing firms paying higher fees and wages to H-1B visa workers.

Infosys Ltd falls 1 percent, while Tata Consultancy Services Ltd is down 1.4 percent.

However, shares in HCL Technologies Ltd gain 1.8 percent after its January-March net profit beat analysts' estimates.

 

(Reporting by Abhishek Vishnoi)