Sensex extends retreat; foreign investors sell

Reuters Market Eye - The BSE Sensex and the Nifty are down around 0.5 percent each, extending their retreat in 2014 for a fifth consecutive day.

Shares of blue chips fall after overseas investors sold 3.96 billion rupees worth of index futures on Monday, adding to Friday's selling of 6.08 billion rupees, exchange data shows.

Overseas investors also sold cash shares worth 3.19 billion rupees on Monday. They sold 1.39 billion rupees of shares in the previous session, regulatory and exchange data shows.

Axis Bank falls 2.5 percent.

Technology shares fall on caution ahead of Infosys Ltd Oct-Dec earnings on Friday.

Infosys falls 0.9 percent, Tata Consultancy Services is down 0.5 percent, while Wipro drops 1.4 percent.

 

(Reporting by Abhishek Vishnoi)