Mumbai: Indian shares fell on Tuesday, led by a drop in rate-sensitive stocks such as HDFC Bank Ltd, after India’s central bank lowered its key policy rate, but struck a cautious note on further easing as it waits to see how the government controls its fiscal deficit.
Shares of HDFC Bank fell 2.61% to Rs.652.50, while those of State Bank of India ended 1.32% lower at Rs.2,457.30.
The 30-share BSE index, Sensex, fell 0.56% to 19,990.90 points, while the 50-share NSE index, the Nifty, ended down 0.41% at 6,049.90 points. Reuters
