May 30, 2012 / 4:17 AM / 6 years ago

MARKET EYE-Indian shares down; Tata Motors slumps

* India's benchmark BSE index falls 0.7 percent, while
the 50-share NSE index is down 0.8 percent.  	
* Tata Motors shares slump 7.9 percent after operating
earnings out on Tuesday disappoint. Consolidated EBIDTA margins
at 13.2 percent were below market estimates due to higher than
expected spending. 	
* Global risk aversion also weighing due to worries about
Spain's banking woes. MSCI Asia ex-Japan down
1.4 percent. 	
* State Bank of India falls 1.5 percent after recent
sharp gains.	
* Provisional exchange data shows foreign investors were net 	
buyers of Indian stocks worth 905 million rupees ($16.21
million) on Tuesday, bringing their total for the week 2.7
billion rupees.  	
	
	
	
	
	
	
	
	
	
	
	
	
($1 = 55.8150 Indian rupees)	
	
 (manoj.dharra@thomsonreuters.com)

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