Indian shares fell for a third consecutive session on Thursday to their lowest in nearly two weeks as three state-run companies, including Oil and Natural Gas Corp, slumped after the government said it would pare its stakes in them.
Shares also tracked lower Asian markets after U.S. President Barack Obama vowed to fight Islamic State militants, while continued worries about earlier-than-expected U.S. interest rate hikes also weighed.
Overseas investors, who have been the backbone of the Indian stock market rally this year, sold local shares worth 99 million rupees ($1.63 million) on Wednesday, snapping seven straight sessions of buying, according to exchange and regulatory data.
Investors are expected to focus on August consumer price index data due on Friday, which is expected to have risen 7.80 percent from a year earlier compared with 7.96 percent in July, according to a Reuters poll of analysts.
Shares also tracked lower Asian markets after U.S. President Barack Obama vowed to fight Islamic State militants, while continued worries about earlier-than-expected U.S. interest rate hikes also weighed.
Overseas investors, who have been the backbone of the Indian stock market rally this year, sold local shares worth 99 million rupees ($1.63 million) on Wednesday, snapping seven straight sessions of buying, according to exchange and regulatory data.
Investors are expected to focus on August consumer price index data due on Friday, which is expected to have risen 7.80 percent from a year earlier compared with 7.96 percent in July, according to a Reuters poll of analysts.
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