Sensex retreats after rally; ITC, DLF hit

Reuters Market Eye - The BSE Sensex falls nearly 1 percent, while the broader Nifty is down 0.91 percent, tracking weaker Asian shares after a rally in global equity markets last week.

The NSE index rose to a 28-month high in a special session conduted by exchanges on Saturday.

ITC Ltd falls more than 4 percent on profit booking after gaining 7.7 percent in May, as of Saturday's close, and marking its all-time highest close in the previous session.

DLF Ltd falls 1.4 percent after it said in a statement late on Saturday that the company will sell about 81 million shares at a price band of 222 rupees to 233 rupees each.

 

However, Dr.Reddy's Laboratories Ltd is up 1.3 percent on expectations it would beat March-quarter estimates. Dr Reddy will post its March quarter results on Tuesday.

(Reporting by Abhishek Vishnoi)