* NSE index down 0.33 pct, BSE 0.34 pct lower
* Asian shares down; U.S. indexes end nearly flat
* Jubilant FoodWorks falls to over 7-month low
Sept 20 Indian shares fell on Tuesday after four
sessions of gains as sentiment across the globe was cautious
ahead of the outcomes of the Federal Reserve and the Bank of
Japan's policy meetings later this week.
The consensus is that the Fed will leave interest rates
unchanged, but investors are looking for commentary and guidance
for the next interest rate hike.
Meanwhile, the BOJ could make negative interest rates the
primary focus of its monetary policy at the conclusion of its
meeting on Wednesday.
MSCI's broadest index of Asia-Pacific shares outside Japan
fell 0.2 percent after major U.S. indexes ended
a choppy session nearly flat on Monday.
"It's more of a global phenomenon which is affecting the
market," said R.K. Gupta, managing director, Taurus Asset
The broader NSE index was down 0.33 percent at
8,779.20 as of 0626 GMT, dragged lower by financial and IT
The benchmark BSE index was 0.34 percent lower at
Investors booked profits in sectors such as auto and banks
that have gained recently.
The Nifty Auto index was down 0.61 percent after
rising about 23 percent this year as of Monday's close. Hero
MotoCorp Ltd, which was the top percentage loser, fell
as much as 2.11 percent.
The NSE Bank index was down 0.39 percent, having
risen 0.60 percent this month as of Monday's close.
Jubilant FoodWorks Ltd's shares fell as much as
8.21 percent to their lowest in over seven months after the
company on Monday approved the resignation of Ajay Kaul as
CEO-cum-whole time director.
(Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu