Indian Stock Tips post two-month closing low

Aug 21 Indian shares fell about 1 percent on Friday to their lowest close in two months, as fears of a China-led deceleration in global growth and escalating tension between South Korea and North Korea gripped markets.

The BSE index ended 0.88 percent lower and the NSE index closed down 0.87 percent, marking their lowest close since June 19.

Indian Stock market recovered from the day's lows on media reports that the government was in favour of giving relief to foreign investors straddled with minimum alternate tax claims prior to April 1.

For the week, the BSE index ended 2.5 percent lower, while the NSE index lost 2.57 percent.

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