Reuters Market Eye - The BSE Sensex is lower 0.6 percent, and the Nifty is down 0.66 percent. Both indexes are heading for their first weekly fall, snapping three weeks of gains, after hitting record highs earlier this week.
Indian shares fall as global risk aversion resurfaces, sending Asian shares to a one-month low, as heightened tensions in Ukraine ahead of a weekend referendum drive investors out of riskier assets.
Recent outperformers lead the fall: the BSE bankex is down 1.66 percent. Still, the index is up 10.7 percent so far this month. ICICI Bank falls 2.23 percent, while State Bank of India drops 0.6 percent.
(Reporting by Indulal P)