Sensex down around 100 points; RComm rises

Reuters Market Eye - The Sensex and the Nifty fall 0.5 percent after gaining for four consecutive sessions. Investors are turning more cautious ahead of January-March earnings due starting next week after the Sensex gained 1.92 percent in the previous four sessions.

Hindustan Unilever is down 1.2 percent after gaining 2.1 percent in the previous four sessions.

Reliance Communications Ltd rises 5 percent, a day after announcing a fibre optic network sharing deal with a unit of Reliance Industries , which is widely seen as benefiting both companies.

Other companies controlled by billionaire Anil Ambani gain on hopes the deal would lead to increased tie-ups with brother Mukesh Ambani.

 

Reliance Infrastructure Ltd rises 0.7 percent, while Reliance Capital Ltd gains 0.3 percent.

(Reporting by Manoj Dharra)