Reuters Market Eye - The BSE Sensex and the Nifty fall over 1.5 percent as worried foreign investors reduce their pace of purchases, raising concerns that momentum will continue to wane after the benchmark hit a record high on November 3.
Foreign institutional investors (FIIs) bought shares worth 800 million rupees on Wednesday compared with more than 10 billion rupees each on Monday and Tuesday.
FIIs have bought over 362 billion rupees worth of Indian cash shares since August, sparking a rally in Indian shares since their 2013 lows hit on August 28.
Indian shares also weighed down as Asian stocks stumble and the dollar stands tall after minutes from the U.S. Federal Reserve's October meeting hints at stimulus tapering.
Among blue chip shares ITC Ltd
(Reporting by Abhishek Vishnoi)
