benchmark indices erased early gains, weighed by ITC and HDFC Group benchmark 30-share BSE Sensex was down 43.70 points at 28617.88 and the 50-share NSE Nifty fell 8.80 points to 8870.40. About 1339 shares advanced against 910 declining shares on the BSE.
Markus Rosgen of Citi says Asia investors more focused on downside than upside risk. During a week of discussions with investors in Asia, the overwhelming mood was caution, with the emphasis on what could go wrong as opposed to what could propel markets higher, he says.
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