MUMBAI, Mar 11 (Reuters) - Indian shares snapped a 4-session
gaining streak on Monday as technology stocks fell on
profit-booking, while shares sensitive to interest rates fell
after the central bank governor rejected that high inflation is
the "new normal."
Reserve Bank of India Gov. Duvvuri Subbarao rejected the
notion that high inflation is the "new normal" in comments on
Friday, raising concerns the central bank could remain hawkish
about interest rates.
Tata Consultancy Services Ltd provisionally fell
1.4 percent, while ICICI Bank ended down 1.1 percent.
The BSE index provisionally fell 0.38 percent,
while the 50-share NSE index ended down 0.06 percent.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)