Indian shares decline

Indian share prices closed 0.35 percent lower on Friday in choppy trade amid investor unease about global market trends, dealers said. They said reports that two companies Emaar MGF Land and Wockhardt Hospitals had withdrawn their initial share offerings during the past two days due to weak investor demand signalled uncertain trends in coming weeks.
The 30-share benchmark Sensex index fell 62.04 points to 17,464.89, marking its third straight day of losses. "The market are distinctly choppy. The weakness in the primary markets have also impacted sentiment," said a dealer at brokerage Jamnadas Morarjee.