Jan 2 India's NSE index ended lower on
Monday in the first trading session of 2017, snapping a
four-session winning streak as banks fell on worries their
profitability would be hit after reducing lending rates.
The NSE bank index fell 1.14 percent, with State
Bank of India, which cut its marginal cost of
funds-based lending rate (MCLR) by 90 basis points across
maturities, declining 2.6 percent.
The broader NSE index ended 0.08 percent lower at
8,179.50, snapping a four-day rally.
The benchmark BSE index closed down 0.12 percent at
26,595.45, after rising in the last two sessions.
For the midday report, click here
(Reporting by Samantha Kareen Nair in Bengaluru; Editing by