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Equities

India shares fall as HDFC Bank paces losses among lenders

Interest-rate setting MPC starts three-day monetary policy review

MUMBAI (NewsRise) -- Indian shares fell Monday as losses in banking stocks offset positive global cues triggered by better-than-expected U.S. employment data.

The BSE Sensex dropped 0.6% to 35,011.89 and the Nifty 50 Index declined 0.6% to 10,628.50 after a volatile day of trading. The fluctuations came as India's Monetary Policy Committee began its three-day meet to decide whether a worsening inflation outlook merits a rate increase.

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