BENGALURU, June 21 (Reuters) – Indian shares fell on Monday, weighed down by heavyweight monetary shares, whereas shares of housing loans supplier PNB Housing Finance dropped after a regulatory maintain on a proposed capital increase.
The blue-chip NSE Nifty 50 index fell 0.69% to fifteen,574 and the benchmark S&P BSE Sensex fell 0.74% to 51,954.34 by 0355 GMT. Each the indexes on Friday posted their first weekly fall in 5, after the U.S. central financial institution’s hawkish flip final week.
The U.S. Federal Reserve’s shock shift additionally weighed on broader Asian markets on Monday, with MSCI’s broadest index of Asia-Pacific shares exterior Japan falling 1% in early buying and selling.
In Mumbai buying and selling, PNB Housing Finance fell 5% to hit its decrease circuit restrict after India’s markets regulator requested the corporate to placed on maintain a share allocation to a clutch of buyers led by non-public fairness agency Carlyle Group.
Shares of funding banking firm Centrum Capital gained greater than 16% after India’s central financial institution accredited the takeover by the corporate’s unit of the troubled Punjab and Maharashtra Co-operative Financial institution.
Heavyweight monetary shares had been the largest drags on the Nifty 50, with the Nifty Financial institution Index falling 1.09% and setting it on monitor for a fourth straight session of declines.
Reporting by Anuron Kumar Mitra in Bengaluru; modifying by Uttaresh.V