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BSE Sensex fall on profit-booking; IT hit

Source : REUTERS
Last Updated: Thu, Dec 06, 2012 04:45 hrs
People walk pass BSE building in Mumbai

The BSE Sensex falls 0.26 percent to 19,340 and the NSE index is down 0.3 percent to 5,882.75, on profit-booking.

India's 50-share index has been trading in the "overbought" territory, with its 14-day relative strength index around 70.

Asian shares were steady near 16-month highs on Thursday, supported by hopes that U.S. lawmakers will reach a compromise to avoid the so-called fiscal cliff of year-end tax hikes and spending cuts which threaten to push the U.S. economy back into recession.

Leading the falls Infosys drops 1.8 percent while Tata Consultancy Services is down 1.6 percent on Cognizant Technology Solutions Corp SEC filing.

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