Reuters Market Eye - The BSE Sensex and the Nifty are trading in the red as investors book profits after a recent surge in shares. The 30-share Sensex was down 0.7 percent while the Nifty lost 0.66 percent as of 2:20 p.m.
Some analysts also express concerns as Arun Jaitley, India's new finance minister, will also oversee defence and corporate affairs although the arrangement of portfolios is meant to be temporary.
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Also, foreign portfolio investors sold Indian shares worth 841 million rupees ($14.3 million) on Monday, provisional exchange data showed.
(Reporting by Abhishek Vishnoi)