Sensex Down Around 200 Pts; Nifty Below 5,500

The Sensex was down around 200 points and the Nifty slipped below 5,500, heading for a fifth consecutive session of falls. Indian shares are retreating from session highs amid continued concerns after foreign funds net sold $30.03 million of equities on Monday, marking a fourth consecutive session of sales.

Shares in Hindustan Unilever Ltd fell 1.35 per cent after parent company Unilever Plc cited the risk of a slowdown in key emerging markets in an annual report.

Wipro fell 3.3 per cent in the first trading session after the company split its non-IT business into a separate unit.

Bharat Heavy Electricals Ltd shares fell 1.7 per cent a day after the company reported an 8 percent fall in provisional net profit for the fiscal year ended March 31.

(Reuters)