BSE Sensex falls on weak global shares; blue chips hit

Reuters Market Eye - The BSE Sensex falls, heading for a third consecutive declining session. Losses tracking lower Asian shares after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion.

The BSE Sensex was trading down 123 points while the Nifty fell 39 points as of 12.42 pm.

Among shares of blue chips, Tata Motors falls 2 percent, while Larsen and Toubro is down 2.2 percent.

Also, traders point out anxiety ahead of Infosys' quarterly earnings on January 10 and inflation data mid-month.

However, overseas investors are buyers for a second consecutive day. They bought a net 6.74 billion rupees in stocks on Thursday, provisional exchange data shows, though Indian shares fell the most in nearly 1-1/2 months.

 

(Reporting by Abhishek Vishnoi)