Sensex Falls Down

The BSE Sensex bounced around its previous close on Wednesday as recent market momentum across Asia seemed to be waning and weak results from Reliance Industries and Hindustan Unilever dented investor confidence. eading lenders ICICI Bank and State Bank of India, outsourcer Infosys Technologies and top realty firm DLF were among the major losers.Motorcycle maker Hero Honda bucked the trend and rose 1.9 percent to 1,704.90 rupees ahead of its quarterly results, scheduled to be released in the afternoon. By 11:22 a.m. (0552 GMT), the 30-share BSE index was down 0.3 percent at 15,287.66 points, with 18 stocks declining, after rising as much as 0.3 percent earlier. "The market is in consolidation mode. Since the large caps have already run up quite a bit, they are taking a breather," said Gajendra Nagpal, chief executive of Unicon Financial Intermediaries.

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