BSE Sensex falls over 200 points, Nifty below 6650

The BSE Sensex and the broader Nifty were down today on increasing caution over slowing foreign portfolio investments.

Overseas investors sold index futures worth Rs 444 crore on Tuesday, resuming their five-day selling streak after a one-day halt on Monday.

Foreign institutional investors bought Indian shares worth Rs 45.9 crore on Tuesday, lower than the five-day average, provisional exchange data shows, on increasing caution ahead of the election results on May 16.

ICICI Bank fell 0.4 per cent while Hindalco Industries was down 2.9 per cent.

Infosys fell 3.4 per cent after UBS downgrades the stock to "sell" from "buy" and cuts its target price to Rs 2,750 from Rs 4,050, saying a turnaround at the IT outsourcer could take longer than expected.

The Sensex was down 204 points while the Nifty was trading 67 points lower as of 3:08 p.m.