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BENGALURU, Aug 30 - Indian shares erased gains and settled near the session's low on Wednesday as a rise in IT stocks on easing interest rate concerns in the United States was offset by a late slide in financials, dragged by private lender HDFC Bank on block deals.
The late slide in blue-chips and financials mirrored the fall in European markets on weak economic data from Germany and Spain. IT climbed 0.77% after U.S. economic data backed bets that the Federal Reserve's policy tightening had resulted in a cooling economy. IT firms earn a significant share of their revenue from the U.S.
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