Sensex falls on profit-taking; Infosys, banks hit

The BSE Sensex fell on profit-taking after marking its highest close in 1-1/2 months on Friday. The Sensex was down 0.17 per cent and the Nifty was down 0.24 per cent.

Infosys fell 1.9 percent on profit-taking after surging 10.9 per cent on Friday when it defied some analysts' expectations by retaining its revenue growth forecast.

Banks fell ahead of the release of June wholesale price inflation data at around 11.30 a.m., after data on Friday showed a surprise drop in industrial output, a fall in exports and higher retail inflation.

HDFC Bank Ltd was down 1.3 per cent, while ICICI Bank was down 0.7 per cent.

Copyright: Thomson Reuters 2013