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Top private-sector lender HDFC Bank (HDBK.NS) slid 1.9%, while mortgage lender HDFC Ltd (HDFC.NS) fell 1.7%
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Indian shares edged lower for a fourth straight session on Monday, weighed down by heavyweight financial stocks, while multiplex firms PVR (PVRL.NS) and INOX Leisure (INOL.NS) surged after announcing a merger.
The blue-chip NSE Nifty 50 index (.NSEI) was down 0.41 per cent at 17,083.15, as of 0407 GMT, while the S&P BSE Sensex (.BSESN) slipped 0.49 per cent to 57,080.74.
Broader Asian markets were also under pressure after China's financial hub of Shanghai announced a coronavirus lockdown, spurring worries about a hit to global activity.
In Mumbai, top private-sector lender HDFC Bank (HDBK.NS) slid 1.9 per cent, while mortgage lender HDFC Ltd (HDFC.NS) fell 1.7 per cent.
PVR jumped as much as 10% and INOX Leisure soared 20 per cent to a record high after announcing the merger to create a giant cinema operator with more than 1,500 screens.
(Reuters)