* NSE index down 0.03 pct, BSE index 0.1 pct lower
* Asian stocks near six-week lows
* NSE volatility index hits highest since Aug 4
Sept 14 Indian shares edged down on Wednesday,
heading for their third straight session of declines, led by
miners such as Tata Steel Ltd on widening quarterly
loss, and on renewed concerns over the ability of global central
banks to prop up growth.
Asian stocks wallowed near six-week lows, with Japan's
Nikkei falling 0.69 percent as uncertainty grew ahead of
a central bank policy meeting next week.
Markets have been under pressure as talks gathered momentum
that the U.S. Federal Reserve could raise rates at its policy
meeting next week and on uncertainty over the European Central
Bank's future policy steps.
"Global growth concerns are still there and many are of the
opinion that a 1 to 2 percent global growth would continue to be
there for some time before seeing some recovery," said Saurabh
Jain, assistant vice president of research at SMC Global
The broader NSE index fell as much as 0.31 percent
to 8,688.9, its lowest in two weeks, while the benchmark BSE
index declined up to 0.33 percent to 28,259.38.
Indian stock markets were closed on Sept. 13 for a public
The NSE volatility index, a key gauge to measure
investors' fear, rose to its highest since Aug. 4 on Wednesday
and was last up 0.87 percent. It jumped about 15 percent in the
Among the losers, Coal India Ltd's shares fell as
much as 2.71 percent after the company reported a 15 percent
fall in its first-quarter profit.
Tata Steel Ltd declined as much as 2.72 percent to
its lowest in a month after reporting a wider first-quarter loss
on sale of a business in Europe.
However, banking stocks witnessed a bit of recovery after
data released late on Monday showed consumer inflation fell to a
five-month low in August, raising hopes of an interest rate cut
The Nifty Bank Index was up 0.44 percent after
falling 3 percent in the previous two sessions.
State Bank of India rose 1.27 percent, ICICI Bank
gained 1.06 percent, and Axis Bank climbed
(Reporting by Samantha Kareen Nair in Bengaluru; Editing by