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Indian shares open 2 percent down

Thu Mar 6, 2008 11:32pm EST
 
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MUMBAI, March 7 (Reuters) - Indian shares opened 2 percent lower on Friday, hit by losses in offshore markets as fears of global credit problems grew, with losses led by top private bank ICICI Bank Ltd (ICBK.BO: Quote, Profile, Research, Stock Buzz) and Reliance Industries Ltd (RELI.BO: Quote, Profile, Research, Stock Buzz),

At 9:55 a.m. (0425 GMT), the 30-share BSE index .BSESN was down 2.32 percent, or 384.26 points, at 16,157.82.

The 50-issue NSE index was down 2.28 percent at 4,809.30.

(Reporting by Hiral Vora, Editing by John Mair)

 

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