Indian shares end lower on banks, auto stocks
- The blue-chip NSE Nifty 50 index ended 0.20% lower at 15,824.45 and the benchmark S&P BSE Sensex closed 0.23% lower at 52,852.27.
- Tata Motors shares ended down 0.8% ahead of the company's first-quarter results. The Nifty auto index was down about 0.6%.
BENGALURU: Indian shares ended slightly lower on Monday, dragged down by weakness in banks and auto stocks ahead of earnings reports from a slew of market heavyweights including Tata Motors.
The blue-chip NSE Nifty 50 index ended 0.20% lower at 15,824.45 and the benchmark S&P BSE Sensex closed 0.23% lower at 52,852.27.
Tata Motors shares ended down 0.8% ahead of the company's first-quarter results. The Nifty auto index was down about 0.6%.
Shares of Kotak Mahindra Bank ended up 1.02% after it beat expectations for June-quarter net profit.
But the overall bank index ended down 0.24%, pulled lower by RBL Bank, Bandhan Bank and State Bank of India.
Indian shares edge lower ahead of Reliance results; Zomato soars on debut
Axis Bank and Larsen and Toubro are due to report their quarterly results later in the day.
Zomato Ltd shares were up 13%, still in demand on their second day of trading after last week's listing. Shares of the food delivery firm had surged 65.8% in their debut.
Global markets fell on Monday on deepening concerns over tighter regulations in China, while investors also exercised caution at the start of a week packed with US corporate earnings and a Federal Reserve meeting.
This week will see more than one-third of S&P 500 companies report quarterly results, including Facebook Inc, Tesla Inc, Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com.
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