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Nifty falls more than 3 percent on U.S. stimulus fears

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Reuters MUMBAI
Last Updated : Aug 16 2013 | 11:57 AM IST

MUMBAI (Reuters) - The Nifty fell as much as 3.2 percent on Friday as blue chips including HDFC Bank were hit across the board on fears that an early rollback of U.S. monetary stimulus would spark foreign investors to sell.

The broader Nifty was down 2.9 percent at 11.46 am, while the benchmark BSE Sensex was down 2.6 percent.

HDFC Bank Ltd fell 4.5 percent, while Reliance Industries Ltd fell 3.1 percent.

(Reporting by Rafael Nam; Editing by Anupama Dwivedi)

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First Published: Aug 16 2013 | 11:47 AM IST

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