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Nifty falls more than 2 percent on U.S. stimulus worries

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Reuters MUMBAI
Last Updated : Aug 16 2013 | 10:27 AM IST

MUMBAI (Reuters) - The Nifty fell as much as 2.44 percent as blue chips such as Housing Development Finance Corporation Ltd fell on worries that an early U.S. rollback of monetary stimulus would spark selling by foreign investors.

India's new restrictions on foreign exchange outflows and gold imports on Wednesday in a new attempt to prop up the rupee, were also seen hampering an already slowing economy, dealers said.

HDFC fell 3 percent while ICICI bank Ltd is down 3.2 percent.

The BSE Sensex fell 2.3 percent, while the 50-share Nifty is down 2.6 percent at 10.11 p.m.

(Reporting by Abhishek Vishnoi; Editing by Supriya Kurane)

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First Published: Aug 16 2013 | 10:13 AM IST

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