Sensex falls over 200 points; foreign buying slows

Reuters Market Eye - The BSE Sensex falls over 1 percent as worried foreign investors reduce their pace of purchases, raising concerns that momentum will continue to wane after the benchmark hit a record high on November 3.

The Sensex is down 1.13 percent, while the Nifty falls 1.2 percent.

Foreign institutional investors (FIIs) bought shares worth 800 million rupees on Wednesday compared with more than 10 billion rupees each on Monday and Tuesday.

FIIs have bought over 362 billion rupees worth of Indian cash shares since August, sparking a rally in Indian shares since their 2013 lows hit on August 28.

Indian shares also weighed down as Asian stocks stumble and the dollar stands tall after minutes from the U.S. Federal Reserve's October meeting hints at stimulus tapering.

Among blue chip shares ITC Ltd falls 1.9 percent while HDFC Bank Ltd is down 2 percent.

(Reporting by Abhishek Vishnoi)