Nifty edges lower, tracking weak Asian markets

Mumbai: The Nifty falls 0.3 per cent, tracking weak Asian markets after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors into defensive assets.

Blue-chip stocks lead the decline, with State Bank of India falling 1.6 per cent and while Bharat Heavy Electricals Ltd losing 1.9 per cent.

Among other large-caps, Larsen and Toubro Ltd falls 0.9 per cent, while Tata Power Co Ltd slips 2.3 per cent.

However, losses were capped because of sharp gains in technology stocks after Tata Consultancy Services, India's biggest software services exporter, posted a better-than-expected profit for the April-June quarter.

TCS gains 3.7 per cent, while Wipro Ltd adds 2.8 per cent.