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MARKET EYE-Indian shares fall; foreign investors continue to sell
August 27, 2013 / 4:32 AM / in 4 years

MARKET EYE-Indian shares fall; foreign investors continue to sell

* The benchmark BSE index is down 1.1 percent, while
the broader NSE index falls 1.2 percent, hurt by a
decline in shares of blue chip companies as foreign investors
turned sellers for a seventh straight session as of Monday. 
* The rupee approached a record low on Tuesday, further
denting sentiment.
*India's lower house of parliament approval for a plan worth
nearly $20 billion on Monday to provide cheap grain to the poor,
which was also seen raising concerns about the country's fiscal
deficit. 
* HDFC Bank Ltd is down 3.2 percent, while ITC Ltd
 falls 1 percent.
* Traders remain wary about foreign flows after overseas
investors sold about $810 million worth of shares in the
previous seven sessions through Monday, ahead of June-quarter
GDP data and the expiry of August derivatives contracts this
week.   
* Falls also tracked lower Asian stocks after the United States
signalled possible military action against the Syrian government
over a suspected chemical weapons attack.  

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

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