Indian shares edge lower as metals drag; Indusind Bank surges 6%
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BENGALURU - Indian shares fell on Thursday, dragged down by metals stocks on the back of sharp declines in global prices, while private lender IndusInd Bank jumped nearly 6% on strong quarterly results.
The blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex fell 0.3% each to 18,147 and 60,955.71, respectively, by 0356 GMT.
Copper and aluminium prices hit multi-month lows on easing supply concerns, pulling down the Nifty metals index 1.9%. [MET/L]
Shares of Indusind Bank rose as much as 6% on strong September quarter profit and improving growth prospects.
India's Adani Ports fell as much as 3.7% after it abandoned its plans to build a container terminal in Myanmar, weeks after applying for a U.S. licence for the project, saying it believed it did not violate sanctions.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Anil D'Silva)
