Sensex falls around 100 points; foreign investors sell

Reuters Market Eye - The BSE Sensex and Nifty are trading lower on their way to snap a four-session winning streak a day after foreign investors turned net sellers for the first time in about a month.

Foreign investors sold Indian shares worth a net 1.04 billion rupees ($17.8 million) on Tuesday, their first sales since April 16, provisional data from the NSE and SEBI showed.

Recent outperformers fall: Larsen & Toubro declines 2 percent, while UltraTech Cement slumps 3.1 percent.

The NSE bank sub-index falls 1 percent, heading for a second day of falls on profit-taking after making a record closing high on Monday.

 

State Bank of India is down 2.7 percent and ICICI Bank falls 0.7 percent.

Sun Pharmaceutical Industries Ltd falls 1.7 percent after the USFDA said on Tuesday that the drugmaker's response to a U.S. import ban on one of its plants lacked "sufficient corrective actions".

The BSE Sensex was down 88 points while the broader Nifty fell 23 points as of 3: 18 p.m.

(Reporting by Abhishek Vishnoi)