Sensex falls by 113 points

Most pharma shares ended lower, but Dr Reddy8217;s Lab and Sun Pharmaceuticals gained eight per cent each to end at Rs 1,597.90 and Rs 2,420.20. Glaxo shares ended 7.65 per cent down at Rs 553 on disappointment over the firm8217;s lower 1999 net profit. Tata Tea closed Rs 30.10 higher on the firm8217;s plans to float an overseas issue of securities for its proposed acquisition of UK-based Tetley. A lower than expected bonus share ratio pulled Thomas Cook down by Rs 75.65 at Rs 870.35.

Data from the exchange showed 780 issues advanced, 983 declined and 165 were unchanged. Dealers said continuing foreign fund flows will keep market sentiment upbeat. Foreign institutional investors FIIs were net buyers of 325.9 million from February 1-16. FIIs were net buyers in all the days of February. quot;We expect the market to be higher on Monday as lower levels will attract bargain buying,quot; said a dealer.