By Pooja Thakur Nov. 27 (Bloomberg) -- India’s Sensitive index fell for a second day on concern investors may shy away from riskier emerging market assets over losses stemming from Dubai’s attempt to reschedule its debt. Reliance Industries Ltd., the nation’s most valuable company, fell 2.9 percent. ICICI Bank Ltd., India’s second- largest lender, slid 5.1 percent. The Bombay Stock Exchange’s Sensitive Index, or Sensex, declined 380.89, or 2.3 percent, to 16,474.04 as of 10:05 a.m. local time. The S&P CNX Nifty Index on the National Stock Exchange lost 2.5 percent to 4,880.60. The BSE 200 Index dropped 2.5 percent to 2,043.38. Reliance retreated 2.9 percent to 1,033.25 rupees. ICICI Bank declined 5.1 percent to 865.50 rupees. Overseas funds bought a net 651 million rupees ($14 million) of Indian stocks on Nov. 25, according to the Securities & Exchange Board of India’s Web site. The funds have bought $15.35 billion since Jan. 1 after withdrawing a record 530 billion rupees in 2008. To contact the reporters on this story: Pooja Thakur at pthakur@bloomberg.net

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