India's Indraprastha Gas falls on reduction in domestic gas allocation
** Shares of Indraprastha Gas IGAS.NS down 10.8% to 450.20 rupees
** The natural gas distribution company said there has been around 21% reduction in domestic gas allocation to co effective from Oct 16, which will have an adverse impact on its profitability
** Co also said it is in discussion with key stakeholders to minimise the impact
** IGAS among top pct losers in NIFTY 500 Index .NIFTY500
** Relative strength index falls to 21, suggesting stock might be oversold
** Day's losses trim IGAS's YTD gains to around 7%; NIFTY500 rises around 20%
Reporting by Vijay Malkar
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