Sensex Falls on Profit-Booking: Infosys Down 2.1%, TCS Drops 2%

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December 6, 2012 5:53 PM EST

The BSE Sensex falls 0.9 percent to 19220 and the Nifty is down to 5847.65, on profit-booking.

Nifty 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 (INFY.NS) drops 2.1 percent while Tata Consultancy Services is down 2 percent on Cognizant Technology Solutions Corp SEC filing.

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Copyright 2012 Thomson Reuters. All rights reserved.

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