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Sensex falls for third day; Apollo Tyres slumps

Source : REUTERS
Last Updated: Thu, Jun 13, 2013 10:23 hrs
People walk pass BSE building in Mumbai

Indian shares fell for a third consecutive session on Thursday to close at their lowest since April 17, after Apollo Tyres slumped as its $2.5 billion acquisition raised concerns about its debt levels, while Sun Pharma dropped after settling a patent suit with Pfizer for $550 million.

Apollo Tyres Ltd provisionally fell 26 percent, while Sun Pharmaceutical Industries Ltd ended 3.2 percent lower.

The BSE index provisionally fell 1.26 percent, while the 50-share NSE index ended down 1.06 percent.

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