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Indian shares fall more than 2 pct early

Mon Oct 6, 2008 12:32am EDT

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MUMBAI, Oct 6 (Reuters) - Indian shares fell more than 2 percent early on Monday on fears of further foreign fund outflows as the financial crisis gathered steam in Europe, overshadowing the passage of $700 billion U.S. bailout.

By 9:57 a.m. (0427 GMT), Tata Motors (TAMO.BO) was down 2.03 percent at 328 rupees after it decided to move the factory for its low-cost Nano car out of West Bengal after violent protest by farmers.

The 30-share main index .BSESN was down 2.4 percent, or 297.64 points, at 12,228.68 after opening 1.93 percent lower.

The 50-share NSE index dropped 2.7 percent to 3,712.25. (Reporting by Narayanan Somasundaram; Editing by Ranjit Gangadharan)



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