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Sensex ends lower; bank stocks lead losses

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Reuters

(Reuters) - Indian shares edged lower on Monday, retreating from earlier gains as investors booked profits and as ICICI Bank slumped after posting disappointing results.

ICICI Bank lost 5.1 percent as its results fell short of estimates late on Friday. Other lenders also fell, with State Bank of India ending down 0.9 percent.

The broader NSE index <.NSEI> fell 0.02 percent to 8,636.55, after earlier rising as much as 0.84 percent to its highest level since April 16, 2015.

The benchmark BSE index <.BSESN> lost 0.17 percent to end at 28,003.12, after earlier hitting its highest since Aug. 10, 2015.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Gopakumar Warrier)

 

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First Published: Aug 01 2016 | 4:41 PM IST

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