* The BSE index
fall 1 percent, while the 50-share NSEindexdeclines 1.1 percent, heading for a second day oflosses.* Investors book profits after the BSE index rose to 17-monthhighs on Friday, while the NSE hit its highest in nearly18-months.* Reliance Industries
falls 4 percent after MorganStanley cuts its rating to 'underweight' from 'equal-weight',citing expectations for weaker refining margins and valuationconcerns among other factors.
* DLF Ltd
drops 7.2 percent after anti-corruptionactivists accused the company of improper dealings with theson-in-law of the country's ruling party chief Sonia Gandhi.Both the property developer and the family member deny theaccusations.
falls 1.3 percent ahead of its Q2 resultsexpected on Friday, with investors worried the software serviceexporter will have to cut its guidance to reflect the strongerrupee
and a potential weakening in global demand.