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Sensex, Nifty end lower on China trade shock

Reuters 

(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 Ltd.

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

The benchmark closed the session 0.43 percent lower at 35,853.56, while the broader Nifty 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 raised its revenue forecast and announced a buyback.

Shares of India's jumped over 18 percent after a report that was likely to step down from the board of the embattled company.

(Reporting by in Bengaluru; Editing by Rashmi Aich)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 15:56 IST
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