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Indian shares end lower; consumer stocks hit
July 2, 2012 / 10:21 AM / 5 years ago

Indian shares end lower; consumer stocks hit

MUMBAI, July 2 (Reuters) - Indian shares ended lower on
Monday due to profit booking in the fast moving consumer goods
stocks, led by cigarette maker ITC.
    ITC fell 3.4 percent, while Hindustan Unilever 
ended 1.7 percent lower.
    IT stocks were also under pressure after Macquarie
downgraded the sector to "underweight" from "overweight", citing
demand concerns. 
    Tata Consultancy Services fell 1.4 percent, while
Infosys ended 0.4 percent lower. 
    The 30-share BSE index provisionally fell 0.3
percent to 17,383.39 points.
    The broader 50-share NSE index fell 0.01 percent to
5,278.60 points. 

 (Reporting by Abhishek Vishnoi; Editing by Anand Basu)

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