A girl walks previous the Bombay Inventory Alternate (BSE) constructing in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File Picture
BENGALURU, Nov 17 (Reuters) – Indian shares fell on Wednesday, dragged by banking and pharma shares, with Reliance Industries (RELI.NS) and Housing Growth Finance Company Ltd (HDFC.NS) weighing on the Nifty 50 index.
The blue-chip NSE Nifty 50 index (.NSEI) slipped 0.24% to 17,956.10 and the benchmark S&P BSE Sensex (.BSESN) fell 0.26% to 60,165.7 by 0359 GMT.
The Nifty Financial institution Index (.NSEBANK) dropped 0.47%. Bandhan Financial institution (BANH.NS), RBL Financial institution (RATB.NS), and IDFC First Financial institution (IDFB.NS) — down between 0.9% and 1.4% — led the losses on the sub-index.
Pharma shares, such IPCA Laboratories (IPCA.NS), Aurobindo Pharma (ARBN.NS), and Lupin Ltd (LUPN.NS) shed 1.78%, 1.51% and 1.45%, respectively. The Nifty Pharma Index (.NIPHARM) was down 0.53%.
SpiceJet (SPJT.NS) stated on Wednesday U.S. planemaker Boeing (BA.N) had agreed to settle excellent claims associated to the grounding of its 737 MAX plane. Shares have been down 0.6% in early commerce. read more
In world buying and selling, Wall Avenue equities have been boosted by the greenback reaching a four-and-a-half-year excessive towards the yen after knowledge confirmed U.S. retail gross sales rose faster-than-expected in October. Asian shares slipped.
Reporting by Vishwadha Chander in Bengaluru; enhancing by Uttaresh.V
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