Nifty, Sensex snap winning spree; auto stocks weigh
BENGALURU (Reuters) - Indian shares snapped three sessions of gains to settle lower on Wednesday, in line with global markets as Washington took a tough line on trade talks with Beijing, while Indiabulls Housing Finance Ltd drove the declines in the NSE Nifty.
The broader NSE Nifty closed 0.50% lower at 11,906.20, while the benchmark BSE Sensex settled down 0.48% at 39,756.81.
A fall in domestic automobile sales dented sentiment, with auto stocks featuring among top laggards in the index. The countryâs auto index closed 1.13% weaker.
Bharti Infratel closed 3.5% lower, while Indiabulls Housing Finance Ltd settled 7.9% down to its lowest since February.