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MARKET EYE-Indian shares fall; Infosys slumps on revenue f'cast

* The BSE index

falls 0.35 percent while the 50-share NSE index is down 0.28 percent on caution ahead of corporate earnings. * Shares in Infosys Ltd

, India's No.2 software exporter, falls 6.9 percent after the company's revenue growth forecast for the fiscal year that ends in March failed to meet market expectations.

* However, the company's revenue growth forecast for the current fiscal year does not include the revenue from Lodestone Holding AG, Chief Financial Officer V. Balakrishnan said on Friday.

* HDFC Bank

, which is expected to post a near 30 percent rise in net profit in the September quarter later in the day, gains 0.9 percent. * Also on watch, India will unveil August factory data on Friday with a Reuters poll showing a modest 1.1 percent growth annually. (0530 GMT)

(abhishek.vishnoi@thomsonreuters.com)