BENGALURU, Sept 30 (Askume) – Indian shares opened lower on Monday as profit-booking dragged information technology and financial stocks to record highs.
The NSE Nifty 50 index (.NSEI) fell 0.4% to 26,178.95, while the S&P BSE Sensex (.BSESN) fell 0.5% to 85,571.85.
Benchmark indices fell on Friday as investors booked profits after six consecutive sessions of gains as a sharp US interest rate cut raised expectations of more foreign inflows .
IT stocks (.NIFTYIT) fell 1% in early trade, erasing gains of nearly 1% in the last two sessions.
Financial Services (.NIFTYFIN) also fell 0.5%, extending its losses for the second consecutive session and being one of the biggest losers in the benchmark index.
