MUMBAI Aug 27 India's NSE index fell as much as
2 percent as blue chip shares including HDFC Bank slumped on
concerns that the passage of food security bill will weigh on
the country's fiscal and current account deficits, raising fears
of a sovereign rating downgrade.
The lower house of parliament approved a plan worth nearly
$20 billion on Monday to provide cheap grain to the
HDFC Bank Ltd fell 5.5 percent, while ITC Ltd
lost 1.3 percent.
The broader NSE index fell 2 percent, while the
benchmark BSE index slumped 1.8 percent.
(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)