Sensex, Nifty fall

The Sensex and Nifty fell on Tuesday after worse-than-expected retail inflation data dented hopes of an interest rate cut by the RBI next month, while Tata Motors declined on continued worries over slowing sales in China. The BSE index fell 0.13 per cent and the NSE index dropped 0.16 per cent. Tata Motors fell more than 2 per cent. Falls in blue chips also weighed on the Nifty with HDFC down 0.9 per cent and ITC lower 0.8 per cent. Banking stocks such as Kotak Mahindra Bank fell 1.2 per cent, while ICICI Bank dropped 0.71 per cent. Meanwhile, Dr. Reddy's Laboratories' shares rose 0.75 per cent after the company launched a copy of Actavis Plc Alzheimer's drug Namenda, in the United States, according to Reuters.