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Lacklustre Wall Street drags London down
Share prices on the London stock market fell in early trading on Friday owing to profit taking and the knock-on effect of a lacklustre performance overnight on Wall Street. The Footsie 100 index shed 31.2 points to 5,575.2. In Paris, the CAC-40 index rose slightly by 0.16 points to 3,189.44, while in Frankfurt the DAX index fell by 17.85 to 4,530.61 and in Amsterdam the AEX index rose 0.2 points at 964.85.

Lock-in period for foreign investments will shake FII confidence, says R H Patil
According to R H Patil, managing director of the National Stock Exchange, there should be no lock-in period for foreign institutional investors (FIIs) as they base their investments on the assumption that they would be free to infuse or withdraw capital. "If a lock-in period for FII investments is introduced, the whole basis of such investment changes and their confidence is shaken," he notes.
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