Sensex drops 431 points; ITC slumps 5.2 percent




MUMBAI |
Mon May 13, 2013 5:02pm IST


MUMBAI (Reuters) – The Sensex fell more than 2 percent on Monday and the Nifty retreated from a near 2-1/2 year high. ITC slumped on profit-taking, while technology stocks such as Tata Consultancy fell on continued concerns about a U.S. immigration bill.

Weaker Asian shares also weighed on sentiment after data showed China’s factory output growth was surprisingly feeble in April and fixed-asset investment slowed.

ITC Ltd (ITC.NS) fell 5.2 percent, while Tata Consultancy Services Ltd (TCS.NS) lost 2.6 percent.

The Sensex declined 2.14 percent to end at 19,691.67 and retreating after ending at its highest close since late January 2013 on Saturday. The broader Nifty index fell 2.08 percent.

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)

Source Article from http://feeds.reuters.com/~r/reuters/INtopNews/~3/OHJdzQFJaaw/story01.htm

Related Articles:

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Comments

comments

Advertise With Us

"ReporterIndia.com" For advertising on this site or any further information for advertisement, you can contact us at info@reporterindia.com