June 20, 2013 / 10:08 AM / 4 years ago

Indian shares fall over 2 pct on fears of outflows after Fed

MUMBAI, June 20 (Reuters) - Indian shares fell more than 2 percent on Thursday, the biggest daily percentage fall in 21 months, as blue chips such as Reliance Industries slumped after the U.S. Federal Reserve signalled a tapering of its monetary stimulus, stoking fears of portfolio outflows.

Reliance Industries Ltd provisionally fell 3.8 percent, while ITC Ltd ended 1.9 percent lower.

The BSE index provisionally fell 2.8 percent, while the 50-share NSE index ended down 2.86 percent, marking their biggest single-day percentage fall since Sept. 22, 2011. (Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)

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