Sensex down around 200 points; foreign investors turn sellers

Reuters Market Eye - The BSE Sensex and the Nifty are trading in the red as investors book profits after a recent surge in shares. The 30-share Sensex was down 0.7 percent while the Nifty lost 0.66 percent as of 2:20 p.m.

Some analysts also express concerns as Arun Jaitley, India's new finance minister, will also oversee defence and corporate affairs although the arrangement of portfolios is meant to be temporary.

Recent outperformers fall: Oil and Natural Gas Corp falls 1.6 percent while State Bank of India is down 2.1 percent.

Also, foreign portfolio investors sold Indian shares worth 841 million rupees ($14.3 million) on Monday, provisional exchange data showed.

 

(Reporting by Abhishek Vishnoi)