Shares in India seen dropping

Indian shares are expected to pull back on Friday as investors begin unwinding their positions in the run up to national election results due on May 16.

"Things on the election front are even murkier than before. There is no clarity whatsoever and it seems like this will be a much closer race than people thought," Arun Kejriwal,
strategist at research firm KRIS, said.

Analysts have said the market could be vulnerable to turbulence after rebounding more than half from its 2009 low in early March, if the month-long elections produce a fractured mandate.
A drop in other Asian markets as investors turned cautious ahead of U.S. employment data could also weigh on sentiment, traders said.
Source url : http://in.reuters.com/article/indiaMktRpt/idINBOM45142220090508

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