Indian shares give up gains as shares of state-run firms slump on profit taking

Last Updated: Mon, May 26, 2014 10:18 hrs

MUMBAI, May 26 (Reuters) - Indian shares fall, giving up earlier gains of nearly 2 percent due to profit-taking in shares of state-run companies such as Bank of Baroda while caution ahead of Narendra Modi's ministerial appointments also weighed.

Bank of Baroda shares slumped 8 percent, Bharat Heavy Electricals fell 6 percent while NTPC fell 5.5 percent.

The benchmark BSE index fell 0.7 percent after earlier rising 1.95 percent while the broader NSE index fell 1 percent after earlier gaining 1.9 percent. (Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)