Sensex dips on foreign investor selling worries

Source : REUTERS
Last Updated: Fri, Apr 05, 2013 05:33 hrs
A broker watches a TV news channel as another monitors share prices at a brokerage firm in Mumbai

Reuters Market Eye - The Nifty is down 0.18 percent while the benchmark BSE Sensex is lower 0.13 percent.

Concerns about foreign selling continued to weigh after overseas investors sold shares worth net 3.26 billion rupees on Thursday and 3.68 billion rupees on Wednesday.

Technology shares lead losses as economic data from the United States, the biggest outsourcing market for Indian technology companies, showed an unexpected jump in weekly unemployment claims.

Infosys Ltd falls 0.2 percent, while Tata Consultancy Services Ltd drops 1.1 percent.

However, Maruti Suzuki India shares gain 2.5 percent on bets a depreciation in the yen will boost earnings by reducing the costs of imports from Japan after the BOJ unleashed the world's most intense burst of monetary stimulus on Thursday.

(Reporting by Manoj Dharra)




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