MUMBAI: Indian shares hit 10-week lows on Thursday, heading for their seventh straight session of falls as blue-chips after Saudi Arabia launched air strikes in Yemen.
Foreign investors have been heavy buyers of Indian shares since early 2014, making any significant exits a particular risk to Indian markets.
The benchmark BSE index fell as much as 2.6 percent while the NSE index lost 2.4 percent, marking their lowest intraday level since Jan. 14.
Blue chips heavily owned by foreign investors led the falls. Housing Development Finance slumped 5.6, while ICICI Bank lost 3.6 percent.
