January 14, 2019 / 10:27 AM / 5 months ago

Indian shares end lower on China trade shock

* NSE index down 0.53 pct, BSE benchmark 0.43 pct lower

* Both indexes end lower for third straight session

Jan 14 (Reuters) - Indian shares settled lower on Monday mirroring losses across the globe after an unexpected contraction in Chinese exports raised fears of a sharper global slowdown, but the blow was cushioned by gains in Infosys Ltd .

Financials drove losses on the index, with the NSE index closing lower for the third straight session.

The benchmark BSE index closed the session 0.43 percent lower at 35,853.56, while the broader NSE index ended 0.53 percent down at 10,737.60.

Infosys, however, helped trim losses on the broader index, with shares finishing the day 2.6 percent higher after the IT major raised its revenue forecast and announced a buyback.

Shares of India’s Jet Airways jumped over 18 percent after a report that Chairman Naresh Goyal was likely to step down from the board of the embattled company.

For midday report, click (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich)

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