BSE Sensex Falls on Weak Global Shares; Blue Chips Hit

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January 3, 2014 8:16 PM EST

The BSE Sensex falls, heading for a third consecutive declining session. Losses tracking lower Asian shares after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion.

Reuters
People watch a large screen displaying Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai December 9, 2013.

The BSE Sensex was trading down 123 points while the Nifty fell 39 points as of 12.42 pm.

Among shares of blue chips, Tata Motors (TAMO.NS) falls 2 percent, while Larsen and Toubro (LART.NS) is down 2.2 percent.

Also, traders point out anxiety ahead of Infosys' (INFY.NS) quarterly earnings on January 10 and inflation data mid-month.

However, overseas investors are buyers for a second consecutive day. They bought a net 6.74 billion rupees in stocks on Thursday, provisional exchange data shows, though Indian shares fell the most in nearly 1-1/2 months.

(Photo: Reuters / )
People watch a large screen displaying Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai December 9, 2013.
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