Nervousness prevails in Indian equity market: Analysts

Indian financial analysts on Thursday predicted a fragile equity market, mirroring major Asian indexes losing between 1 and 2 percent as the fallout from Wall Street's 4 percent drop overnight. Indian shares fell half a percent early on Thursday, giving up Wednesday's gains and tracking a fall in Asian peers, as investors continued to worry about Europe's financial crisis. The 50-share NSE index was down 0.51 percent at 5,134.50 points as the market opened on Thursday. On Monday, Indian shares fell by more than 3.3 percent to their lowest level in more than a year after Standard and Poor's downgraded the U.S. sovereign debt rating, triggering a flight from risky assets in regional stock markets.