Sensex slips amid global slowdown worries; banks, metals slide

Indian shares fell on Thursday, dragged lower by banking and metals stocks, as the United States said it would slap tariffs on European goods, fanning fears about a global economic slowdown.

The broader NSE Nifty fell 0.40% to 11,314.00, while the benchmark BSE Sensex closed 0.52% lower at 38,106.87.

The Nifty private banks index fell 1%, with IndusInd Bank and HDFC Bank declining the most, while the Nifty metals index shed 2.94%.

Shares in Yes Bank, however, gained 32.8%, their best one-day gain, after the lender's chief executive officer reassured markets before the opening bell that the bank remains on a solid financial footing, following a bruising fall earlier this week.