Indian shares snap nine-day winning

India shares fell on Tuesday, retreating from 14-month highs hit in the previous session, as Reliance Industries and other recent outperformers fell to profit-booking, while Tata Consultancy Services fell on concerns earnings were slowing in the current quarter.

Caution also prevailed ahead of a meeting by the Trinamool Congress party later in the day to review its support for India's ruling coalition government, after having strongly opposed recent measures including the hike in diesel prices. That is setting up some worries India could backtrack from its initiatives, even after Finance Minister P. Chidambaram said on Monday the government has no intention of doing so.

Any hints of a reversal would put at risk a strong rally in domestic stocks, which helped by the Federal Reserve's new asset purchase programme, has attracted 51.1 billion rupees ($949.37 million) in net foreign inflows in the last two sessions, or about half of what India received for all of August. Via

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