* Benchmark Sensex falls 0.3 pct in special session
* Major blue chips drag down index
* Monday's data shows shock contraction in industrial output
MUMBAI, Nov 13 India's main stock indexes fell
for a fourth consecutive day in Tuesday's short Diwali trading
session as banks and automotive stocks fell a day after data
showed a surprise contraction in the country's industrial
In the annual session to celebrate the Hindu festival of
lights, which typically sees stocks gain as Indians view it as a
lucky day to make purchases, major blue-chip stocks dragged down
the benchmark index 0.3 percent.
State Bank of India, the country's largest lender,
fell 0.9 percent to 2,171.35 rupees ($40), while rival HDFC Bank
shed 0.7 percent to end at 647.05 rupees. Tata Motors
, the country's biggest automaker, closed 1.1 percent
lower at 277.55 rupees.
India's economic gloom deepened on Monday with an unexpected
fall in industrial production, a slump in exports and higher
retail inflation, putting pressure on the government to push
ahead with reforms as growth stalls.
DLF fell 1.3 percent to 202.85 rupees, a day after
India's largest developer posted a 63 percent fall in net profit
for the July-September quarter on slowing home sales.
Shares in L&T Finance Holdings Ltd, a unit of
infrastructure giant Larsen & Toubro, surged 16.1
percent, continuing a strong run of gains, on hopes it will
benefit from a fresh allocation of banking licences.
The BSE index closed down at 18,618.87 points, after falling
1.2 percent over the previous three sessions.
The 50-share NSE index also fell 0.3 percent.
Trading will resume on Thursday, a day after India is set to
release data for October wholesale price inflation.
($1 = 54.9700 Indian rupees)
(Reporting by Henry Foy; Editing by Subhranshu Sahu)