Indian shares fall over 2 pct on Korea tension-traders

MUMBAI Nov 23 (Reuters) - Indian shares fell more than 2 percent in afternoon trade on Tuesday, in what traders called a knee-jerk reaction to North Korea firing dozens of artillery shells at a South Korean island. [ID:nL3E6MN09Z]

"It's a knee-jerk reaction to the tense situation in Korea," said K.K. Mital, head of portfolio management services at Globe Capital in New Delhi. "If the situation escalates, then we will see a sharp impact on the markets in the region."

At 0723 GMT, the benchmark 30-share Bombay Stock Exchange .BSESN was trading down 2.1 percent at 19,547.25 points, with all of its components declining. (Reporting by Sumeet Chatterjee; editing by Malini Menon)