Indian shares tumble

Indian stock indexes fell nearly 2 percent on Wednesday, marking their steepest decline in nearly a month, mirroring steep falls in their Asian peers as China's stock market meltdown spooked investors. The BSE index ended 1.72 percent lower, while the NSE index ended down 1.74 percent, marking their biggest percentage fall since June 11.
"There will be news flows which will be impacting our (Indian) markets in the near future, not more than local data points, earnings season and monsoon session of the parliament," said Gaurang Shah, vice president at Geojit BNP Paribas. Yes Bank fell 5.9 percent, while Bank of Baroda was down 1.7 percent. Tata Steel lost 3.9 percent, while Hindalco Industries fell 4.7 percent.