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Sensex drops over 1 pct on profit-taking; defensives lose

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Reuters MUMBAI

MUMBAI (Reuters) - The BSE Sensex fell more than 1 percent on Tuesday, retreating from a record high in the previous session, led by falls in defensives such as ITC, as well as profit-taking in recent outperformers such as Dr. Reddy's Laboratories which marked its all-time high last week.

The Sensex ended down 1.25 percent, snapping five sessions of gains and retreating from a record high of 21,321.53 hit in a special trading session on Sunday. Markets were closed on Monday for a local festival.

The Nifty ended down 1.02 percent.

Shares in ITC fell 3.51 percent, while Dr. Reddy's Laboratories dropped 3.03 percent.

 

(Reporting by Swati Bhat; Editing by Subhranshu Sahu)

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First Published: Nov 05 2013 | 3:48 PM IST

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