Cairn India shares fall; Macquarie downgrades to 'neutral'

Reuters Market Eye - Shares in Cairn India Ltd fall 0.8 percent.

Macquarie downgrades stock to "neutral" from "outperform".

Cairn is the most exposed to crude prices - arguably even among peers in Asia - Macquarie.

Increasing government share, end of income tax holiday in FY17, and a backended uptick in projected production profile are other fundamental factors - Macquarie.

(Reporting by Indulal PM)