Indian shares fall for third day; metal firms extend rout

| 28th August, 2012
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An Indian man watches a screen on the facade of the Bombay Stock Exchange. — AP Photo

An Indian man watches a screen on the facade of the Bombay Stock Exchange. — AP Photo

MUMBAI: Indian shares fell on Tuesday for a third straight session, as banks continued to fall on persistent talk that quarterly growth data this week would be below expectations, while metals such as Jindal Steel extended a slump on concerns about slowing demand.

ICICI Bank fell 1.5 per cent, while Jindal Steel and Power dropped 5.3 per cent.

India’s benchmark BSE index provisionally fell 0.27 per cent, while the 50-share NSE index declined a provisional 0.29 per cent.

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