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BSE Sensex falls; technology stocks hit

Source : REUTERS
Last Updated: Mon, Dec 17, 2012 09:35 hrs

The BSE Sensex is down 0.33 percent while the NSE Nifty falls 0.34 percent.

Tata Consultancy Services falls 3 percent on caution ahead of a scheduled meeting between the management and analysts later in the day amid concerns the software services provider will deliver a downcast view on the sector.

Infosys falls 0.6 percent.

However, some interest-rate sensitive stocks gain ahead of the central bank's policy review on Tuesday.

Although RBI is not expected to ease policy then, traders say it could cut the cash reserve ratio or sound more dovish on inflation.

Rate-sensitive stocks such as State Bank of India gains 1 percent while the ICICI Bank is up 0.8 percent.

Tata Motors gains 0.8 percent, up for a third day on JLR's November sales.


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