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Sensex continues retreat from five-week highs

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Reuters MUMBAI
Last Updated : Jan 17 2014 | 3:57 PM IST

MUMBAI (Reuters) - The BSE Sensex fell on Friday after Tata Consultancy Services slumped as its quarterly profit adjusted for other income lagged expectations, sparking some profit-taking in recently outpeforming software services exporters.

Tata Consultancy Services provisionally fell 5.6 percent, marking its biggest single-day percentage fall since May 2012, while Wipro fell 2.6 percent ahead of its results later in the day.

The Sensex provisionally fell 0.88 percent, while the broader Nifty ended down 0.76 percent, after marking their highest intraday levels since December 9 on Thursday.

(Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)

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First Published: Jan 17 2014 | 3:46 PM IST

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