Indian shares fell on Monday to a more than one-month low, in line with Asian peers, weighed by concerns around local industrial output and weak consumption in top consumer China, while investors focus on domestic inflation data due later in the day.
Industrial output numbers were pretty weak, which is showing some weakness on the macro side as it is very important from the capex, growth and manufacturing angle, said Anita Gandhi, whole-time director at Arihant Capital Markets.
Foreign investors, who had bet on the country's growth and cooling inflation in the last quarter turned net sellers over the last few sessions. Foreign investors sold shares worth 30.73 billion rupees on Friday, which is also causing some jitters among Indian investors, analysts said.accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India's 2%-6% tolerance band for the first time in five months.
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