Mumbai, Nov 20 (Reuters): The BSE Sensex and the Nifty fall around 0.5 percent each, as investors book profits after a strong three-day rally.
Lenders, which were among the biggest recent gainers, retreat. ICICI Bank (ICBK.NS) falls 2 percent while HDFC Bank (HDBK.NS) is down 1 percent. The Bank Nifty rose 6.3 percent in the previous three sessions compared with a 3.6 percent grain in the Nifty in the same period.
Infosys (INFY.NS) falls 1 percent after hitting its highest level in nearly three years on Tuesday.
Also weighing on sentiment, foreign institutional investors sold 6.68 billion rupees worth of Indian equity derivatives on Tuesday, as per the National Stock Exchange's data.