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Sensex snaps three days of gains; Sun Pharma surges

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Reuters MUMBAI
Last Updated : May 29 2013 | 4:07 PM IST

MUMBAI (Reuters) - The BSE Sensex fell on Wednesday, snapping a three-day winning streak, as lenders such as ICICI Bank fell on caution ahead of quarterly economic growth data and the expiry of May derivative contracts later this week.

ICICI Bank Ltd fell 1.38 percent.

However, Sun Pharmaceutical Industries rose 7 percent after hitting an all-time high of 1,080.70 rupees earlier, after it reported net profit rose more than expected and its management guided for robust sales growth in FY14.

The BSE Sensex fell 0.07 percent, while the 50-share Nifty ended down 0.11 percent.

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)

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First Published: May 29 2013 | 3:59 PM IST

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