MARKET EYE-Indian shares fall; fears of 'US cliff' hit IT sector

Thu Nov 15, 2012 10:37am IST

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MUMBAI, Nov 15 (Reuters) - * India's BSE Index 
falls 0.67 percent, while the 50 share NSE Index falls
0.66 percent, resuming trade after a shortened Diwali session on
Tuesday.
* Falls track lower Asian shares at the prospect of drawn-out
negotiations over the looming U.S. "fiscal cliff" and rising
tensions in the Middle East after Israel launched an offensive
against Palestinian militants in Gaza. 
* Data on Wednesday showed India's headline inflation in October
rose 7.45 percent, unexpectedly eased to its slowest pace in
eight months, but still high enough to be a headache for
policymakers struggling to balance the need for growth with
taming prices. 
* Software services exporters with significant business in the
United States are among the leading decliners: Infosys Ltd
 down 2.2 percent, Tata Consultancy Services Ltd
 down 1.7 percent. 
* However, among gainers, Larsen & Toubro Ltd shares
gain 0.6 percent on bargain hunting after falling 1.2 percent so
far this month as of Tuesday's close, under-performing a 0.8
percent gain during the same period.

 (Reporting by Rafael Nam)
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