Indian shares fell for a second day on Thursday, led by losses in financial stocks, as fears of a global recession and worsening US-China trade relations hurt investor sentiment.
The Nifty's state-run bank index closed down 2.7% with all 10 constituents in the red. State Bank of India was the top loser on the indexes, finishing the session with a more than 3% fall. Shares of Jammu and Kashmir Bank Ltd settled 5.75% lower.
Meanwhile, the blue-chip Pharam index settled 2.25% higher, with shares of Sun Pharmaceutical Industries Ltd closing at its highest in over two weeks.