Sensex Down 0.18%; Tata Motors Shares Fall
January 24, 2013 5:22 PM EST
The BSE Sensex was down 0.18 percent and the 50-share Nifty fell 0.28 percent.
Reliance communication (RLCM.NS) shares slid 3 percent a day after its consolidated net profit fell 44 percent, sharper-than-expected at 1.05 billion rupees for December quarter.
However, broader losses in indices were capped by gains in Oil and Natural Gas Corp Ltd (ONGC.NS) that rose 3.5 percent as the oil ministry is expected to soon recommend a revision in local gas prices. Oil India gained 1.7 percent.