MUMBAI: Indian shares are likely to fall on Wednesday, extending their losing streak to a fourth straight session, tracking mostly weak Asian peers after French and German leaders failed to deliver a conclusive solution to the euro zone debt crisis.
Shares in Tata Motors will be watched after the company said its global vehicle sales in July fell 6 percent from a year ago to 85,392.
Most Asian markets fell on Wednesday after an anticipated meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel fell short of producing a plan of action to tackle the euro zone's debt crisis.
At 0309 GMT, Japan's Nikkei was down 1 percent, while South Korea's Kospi was trading slightly higher.
Adding to the cautious mood in Asia, S&P stock futures dropped almost half a percent, indicating a lower opening on the Wall Street later in the day.
The Nifty India stock futures in Singapore were down 0.1 percent.
On Tuesday, India's 30-share BSE index ended down 0.65 percent, or 108.69 points at 16,730.94.
DLF , after India's largest real estate developer was served a penalty of 6.3 billion rupees by competition watchdog after it found the company to have abused its dominant market position.
Muthoot Finance Ltd , after the country's largest specialist gold lender said it is planning to raise up to 10 billion rupees through a public bond issue, the proceeds of which will be used for financing its activities and capital expenditure. Orchid Chemicals & Pharmaceuticals Ltd , after the drugmaker said it resumed production at its active pharmaceutical ingredients plant in Chennai.
Copyright Reuters, 2011
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