(Updates at 12:26 p.m. IST)

By Bharath Rajeswaran

Nov 7 (Reuters) - Indian shares declined on Thursday, as

aluminium maker Hindalco Industries led a slide in metal stocks

after its U.S. unit's quarterly profit drop, while analysts

flagged concerns over foreign inflows.

The NSE Nifty 50 fell 1.18% to 24,195.55 points as

of 12:26 p.m. IST, while the BSE Sensex shed 1.07% to

79,524.66.

All the 13 major sectors logged losses, with 46 of the Nifty

50 constituents falling.

Hindalco slid 8.5% after its U.S. unit, Novelis,

reported a lower profit. It was the biggest loser on the Nifty

50 and dragged metals stocks down 2.5%.

On Wednesday, the benchmarks posted their biggest single-day

rise in more than six weeks as Donald Trump won the U.S.

presidential election.

The broader, more domestically focused small-cap index

and mid-caps fell about 0.4% each.

The drop is "more of a technical pullback with some

investors trying to use the rally in the previous session to

book profits," Sunny Agrawal, an analyst at SBICaps Securities,

said.

"The other, more deeper concern is over foreign flows. A

rise in the U.S. Treasury yields in anticipation of a tariff

hike on imports by Trump and the consequent rise in U.S. dollar

index and inflation could hurt foreign inflows to India,"

Agrawal said.

The U.S. Federal Reserve's rate decision and commentary is

due after the Indian markets close. The Fed is expected to cut

rates by 25 basis points.

Hospital-chain operator Apollo Hospitals jumped

6.1%, the most on the Nifty 50, after it beat second-quarter

profit estimates on strong healthcare services demand.

Shares of BSE, Voltas, Oberoi Realty

and Kalyan Jewellers rose on the day

following their inclusion in a key MSCI index.

($1 = 84.2760 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by

Sherry Jacob-Phillips, Savio D'Souza and Mrigank Dhaniwala)