Reuters Market Eye - Shares in Hindustan Unilever fall as much as 4.5 percent ahead of its April-June earnings later in the day, down for a second day after hitting an all-time high of 725 rupees on Wednesday.
Parent Unilever Plc has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company, which reported underlying second-quarter sales growth shy of market expectations.
Hindustan Unilever also said on Thursday that Life Insurance Corp of India sold 67.3 million shares at 600 rupees per share.
The stock was trading 3.13 percent lower at 12.29 p.m.
(Reporting by Abhishek Vishnoi)