September 11, 2013 / 9:09 AM / 4 years ago

MARKET EYE--Indian shares extends fall on profit-taking after rally

* Indian shares fall as blue chips decline on profit-taking
after both the BSE and NSE indexes gained nearly 10 percent over
the previous four sessions.
* The NSE index is down 0.13 percent, while the
benchmark BSE index falls 0.3 percent.
* Tata Motors Ltd falls 2.5 percent after a near-10
percent rise on Tuesday was seen as overdone, while ITC Ltd
 falls 1.8 percent. 
* Cairn India Ltd falls 2.4 percent as Brent crude
futures declined more than 4 percent in the previous two days as
fears eased of an imminent strike against Syria. 
* However, foreign institutional investors (FIIs) have bought
50.5 billion rupees ($789.59 million) worth of Indian cash
shares in the previous four sessions. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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