MUMBAI: The BSE Sensex is down 0.76 pe rcent while the Nifty is trading 0.83 per cent lower, retreating from record highs hit earlier in the session on disappointment over earnings from market heavyweights including ICICI Bank Ltd.
The falls would mark a retreat after the indexes hit record highs in each of the four trading sessions this week, which has been cut short by elections in Mumbai on Thursday that shut trading.
ICICI Bank fell 2.7 per cent despite posting a better-than-expected 15 per cent rise in January-March net profit, as dealers say results were helped by a one-time foreign exchange gain estimated at 2.22 billion rupees ($36.4 million)
Shares in Maruti Suzuki India Ltd fall 2.9 per cent after posting a worse-than-expected 35 per cent fall in January-March net profit.
Other blue chips to fall after some disappointment over their earnings include Cairn India Ltd, down 4.9 per cent, ACC Ltd and Ambuja Cements Ltd, down 3.5 per cent and 4.9 per cent respectively.
