Indian shares fall 0.5 pct in early deals

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Indian shares fell 0.5 percent in early trade on Wednesday, with Reliance Industries (RELI.BO: Quote, Profile, Research) and ICICI Bank (ICBK.BO: Quote, Profile, Research) contributing most to the losses, as rising risk aversion hit equity markets in Asia.



At 9:58 a.m. (0428 GMT), the 30-share BSE index .BSESN was down 0.52 percent at 17,138.12 points, with 25 components falling.



Top car maker Maruti Suzuki (MRTI.BO: Quote, Profile, Research) erased most of its opening losses and was down 0.1 percent at 1,567 rupees. Sources told Reuters Volkswagen AG (VOWG.DE: Quote, Profile, Research) plans to take a stake of up to 20 percent in its Japanese parent, Suzuki Motor Corp (7269.T: Quote, Profile, Research).

The 50-share NSE Index .NSEI was down 0.4 percent at 5,129.05.
 

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