July 23, 2019 / 10:31 AM / a month ago

Indian shares end lower for fourth day, financials hurt most

* NSE, BSE indexes down 0.13% each

* SBI falls 2.5%, top loser

BENGALURU, July 23 (Reuters) - Indian shares settled lower for a fourth straight session on Tuesday, weighed down by losses in financial stocks, with State Bank of India closing at an over one-month low.

The broader NSE index ended 0.13% lower at 11,331.05, while the benchmark BSE index closed down 0.13% at 37,982.74. Both closed at their lowest since mid-May.

State Bank of India dropped 2.5% and was the biggest percentage loser on both the indexes. The Nifty PSU Bank index fell 3.1%.

HDFC Bank Ltd, the country’s biggest lender by market value, slipped 1.5% while its largest shareholder Housing Development Finance Corporation Ltd fell 2.2%.

Power Grid Corporation of India Ltd was the top gainer, closing 3.1% higher.

For midday report see: (Reporting by Chris Thomas in Bengaluru; Editing by Rashmi Aich)

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