Indian Shares End Flat
MUMBAI--Indian shares snapped three days of losses Wednesday on gains in energy and metals stocks, even as Asian and European stocks dropped on worries over tighter money supply.</br></br>The Bombay Stock Exchange's S&P BSE Sensex index opened lower, but recovered in the afternoon session to end higher by 22.44 points, or 0.1%, at 19568.22 points. The National Stock Exchange's Nifty index rose 4.40 points, or 0.1%, to 5923.85.</br></br>The movement in India's markets was in contrast to most Asian and European markets. Japanese stocks slumped after Prime Minister Shinzo Abe dodged tough decisions needed to fix the country's economy while outlining .</br></br>Most markets in Asia, including in India, hit a one-month law this week, mainly on worries that the U.S. Federal Reserve may curb sooner than anticipated its $85 billion-a-month bond purchases. The U.S. stimulus has been a major source of funds for investment in emerging markets such as India.</br></br>Shares of Indian companies are trading at 15 times their earnings per share for fiscal 2014, which is near their long-term average, said Dipen Shah, head of private client group research at Mumbai-based Kotak Securities.