(Reuters) - Indian shares edged lower on Monday, snapping four consecutive sessions of gains, as caution set in ahead of the budget, although telecom providers jumped after Vodafone and Idea Cellular said they were in talks for a merger.
The broader NSE Nifty closed down 0.10 percent at 8,632.75, while the benchmark BSE Sensex closed 0.12 percent lower at 27,849.56.
Idea Cellular surged 25 percent, its biggest daily percentage gain on record, while Bharti Airtel rose 6.8 percent on hopes of less competition in the sector.
(Reporting by Darshana Sankararaman in Bengaluru; Editing by Sunil Nair)
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