Sensex falls over 150 points; ITC, DLF hit

The BSE Sensex declined 0.55 per cent, while the broader Nifty traded down 0.5 per cent, tracking weaker Asian shares after a rally in global equity markets last week.

The NSE index rose to a 28-month high in a special session conducted by exchanges on Saturday.

ITC slipped 2 per cent on profit booking after gaining 7.7 per cent in May, as of Saturday's close, and marking its all-time highest close in the previous session.

DLF fell 1.3 per cent after it said in a statement late on Saturday that the company will sell about 81 million shares at a price band of Rs 222 to Rs 233 each.

However, Dr.Reddy's Laboratories Ltd was up 2.6 per cent on expectations it would beat March-quarter estimates. Dr Reddy's will post its March quarter results on Tuesday.

Traders now await CPI inflation data which will be released at around 11 a.m. and trade data later in the day.


Copyright Thomson Reuters 2013