Mumbai: BSE Sensex is down by 0.76 per cent, while the Nifty is trading at 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 by 2.7 per cent despite posting a better-than-expected 15 percent 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)
Other blue chips will also fall after some disappointment over their earnings include Cairn India Ltd, which is down by 4.9 per cent, ACC Ltd and Ambuja Cements Ltd is down by 3.5 per cent and 4.9 per cent respectively.
