Indian shares post worst day in over two months

MUMBAI: Indian shares logged their worst session in more than two months on Monday, amid uncertainty over a trade deal with the US and persistent foreign outflows, while the country’s top airline IndiGo fell 8.3 percent, continuing to reel from an operational crisis.

The Nifty 50 lost 0.86 percent to 25,960.55, and the BSE Sensex slid 0.71 percent to 85,102.69, in their biggest single-day drop since September 26. All 16 major sectors ended lower. The broader mid-caps and small-caps lost 1.8 percent and 2.6 percent, respectively.

Foreign investors have sold over USD1 billion of local stocks on a net basis so far in December, putting the year-to-date outflows at nearly USD18 billion, according to data from the National Securities Depository Ltd.