BENGALURU: Indian shares inched lower for a second straight session on Tuesday, pulled down by banking and metal stocks, as rising coronavirus cases globally soured appetite for equities.
The NSE Nifty 50 index fell 0.26% to 11,738.85 by 0400 GMT, while the S&P BSE Sensex was down 0.3% at 40,016.82.
Sentiment was weak across Asia as concerns grew over a second wave of virus infections in the United States and Europe, sending MSCI’s gauge of Asia-Pacific stocks outside Japan down 0.43%.
In Mumbai, the Nifty Banking index was down about 0.2%, with IndusInd Bank falling 3.35%.
ICICI Bank declined 2.5%, while the country’s largest lender State Bank of India fell 2.08%.
The Nifty metals index fell 0.89%.
However, private-sector lender Kotak Mahindra Bank rose 5.6% after it beat expectations for September-quarter profit on Monday.
Telecom operator Bharti Airtel and automaker Tata Motors are scheduled to report earnings later in the day. Their shares were down about 0.3% each in early trading.
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