Sensex falls on profit-taking; Infosys, banks hit

Reuters Market Eye - The BSE Sensex falls on profit-taking after marking its highest close in 1-1/2 months on Friday. The Sensex is down 0.17 percent and the Nifty is down 0.24 percent.

Infosys falls 1.9 percent on profit-taking after

surging 10.9 percent on Friday when it defied some analysts' expectations by retaining its revenue growth forecast.

Banks fall ahead of the release of June wholesale price inflation data at around 11.30 a.m., after data on Friday showed a surprise drop in industrial output, a fall in exports and higher retail inflation.

HDFC Bank Ltd is down 1.3 percent, while ICICI Bank is down 0.7 percent.

 

(Reporting by Abhishek Vishnoi)