MUMBAI (Reuters) - The Nifty headed for a fourth straight decline in a volatile session ahead of the expiry of monthly derivatives contracts, even as growing concerns over lacklustre corporate earnings hurt sentiment.
Blue-chips fell, with Housing Development Finance Corp
The Nifty was down 0.67 percent while the benchmark Sensex fell 0.65 percent.
"We are seeing a fall in Asian markets that is having a rub-off effect on trading positions ahead of expiry," said Daljeet S Kohli, head of research at IndiaNivesh Securities.
Caution ahead of earnings announcements also dragged down shares including those of Hindalco Ltd
Weak earnings growth posted by Indian companies for the Jan-March quarter have put investors on guard, worried that a rebound in growth can take longer than expected.
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India is expected to release data on Friday that will show the economy growing faster than China for a second consecutive quarter. However, sceptics argue there has been little progress to show on the ground.
Punjab National Bank
Among gainers, Tata Motors Ltd
(Reporting by Himank Sharma; Editing by Sunil Nair)