Sliding for the third day, the BSE benchmark index, Sensex, on Wednesday, fell by 49 points to close at 20062.24, dragged down by over 5.5 per cent drop in L&T shares after its earnings failed to meet market expectations.

The BSE 30-share barometer resumed better, and moved in a range of 20220.35-20000.86, before concluding at 20062.24, a fall of 49.37 points.

The broad-based 50-share CNX Nifty of the NSE declined by 19.60 points to 6094.50.

MCX-SX flagship index SX40 closed down by 20.32 points at 11861.05.

L&T was the top loser from the Sensex pack after the company’s net profit fell by 6.90 per cent on a standalone basis for the March 2013 quarter. Besides L&T, Sensex constituents RIL, HDFC Bank, HDFC, Hero MotoCorp, Tata Power, GAIL, Sterlite Ind and BHEL were among the notable losers.

Globally, Asian stocks closed mixed with upward bias. Key indices from China and Hong Kong closed lower while those from Japan, Singapore, South Korea and Taiwan finished higher.

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