Sensex down ITC, Reliance Industries fall

SENSEX-ITC-RELIANCE-INDUSTRIES:Sensex down ITC, Reliance Industries fall

The Sensex provisionally fell on Wednesday, a day after closing at their highest since mid-March, on profit taking in select blue-chip stocks that advanced on Tuesday such as ITC .

Global risk aversion also weighed. European shares fell on Wednesday after profit warnings from U.S. companies including Cummins Inc compounded fears that the sluggish global economy will erode earnings.

Reliance Industries fell 1.95 percent while ITC fell 1.7 percent.

Infosys shares pared gains and closed 0.38 percent down ahead of earnings on Thursday.

The Sensex fell 0.73 percent to 17,489.14 points. The Nifty lost 0.73 percent to end at 5,306.30 points.