Mumbai: The Sensex and the Nifty fell on Thursday, retreating from near 4-1/2 week highs, as recent out-performers such as Larsen & Toubro were hit by profit-taking on worries about budget negotiations in the United States and about Europe's economic troubles.
The 30-share BSE Sensex, which dropped as much as 166 points in early trade, lost 56.15 points or 0.30 per cent to close at 18,846.26. Meanwhile the 50-share NSE Nifty fell 21.35 points or 0.37 per cent to end at 5,738.75 after hitting an intraday low of 5,693.95 in initial trade, weighed down by L&T, ICICI Bank, Infosys, ITC, Reliance and HDFC.
However, Tata Motors rose a provisional 5.4 per cent a day after the auto maker reported that July-September margins at its key Jaguar Land Rover (JLR) subsidiary improved from a year ago.
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