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BSE Sensex falls to new 2013 low; IT stocks hit

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Reuters Delhi, India

MUMBAI (Reuters) - The Sensex fell on Friday to its lowest levels in 2013 as Dr. Reddy's shares retreated a day after reporting a larger-than-expected fall in quarterly earnings, while software service exporters fell on profit-booking.

However, Tata Motors provisionally rose 2.5 percent, recovering from an earlier fall of as much as 3.1 percent, as traders saw initial losses - sparked by a drop in quarterly earnings - as overdone given expectations for a recovery in profits.

Dr. Reddy's Laboratories provisionally fell 3.2 percent, while Infosys Ltd ended down 1.2 percent.

The Sensex provisionally fell 0.32 percent to its lowest close since December 31, 2012.

 

The 50-share Nifty ended fell 0.34 percent.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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First Published: Feb 15 2013 | 3:44 PM IST

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