Indian shares log worst close in nearly 8 weeks

Mumbai Indian shares continued to fall for the 4th day in a row, and closed 1.4% lower in volatile trade on 29/10/09 to their worst close in nearly 8 weeks, pulled down by weakness in world equities on concerns over global growth. The 30-share BSE index closed 1.42% or 230.77 points lower at 16,052.72 with 22 of its components declining.