November 5, 2019 / 10:49 AM / 14 days ago

Indian shares end lower; Zee Entertainment top loser

Nov 5 (Reuters) - Indian shares ended lower on Tuesday as investors booked profits after more than a week-long rally, with the country’s move to pull out of the Regional Comprehensive Economic Partnership (RCEP) weighing on sentiment.

The NSE Nifty 50 index closed down 0.2% at 11,917.20, while the S&P BSE Sensex inched 0.13% lower to 40,248.23.

India’s Prime Minister Narendra Modi said on Monday that he could not compromise the interests of farmers and workers at home by joining a China-led regional trade pact after it failed to address Delhi’s concerns over market access.

Metals stocks were the top losers, with the Nifty sub-index falling nearly 1%. Meanwhile, the Nifty state-owned bank index lost 0.83%.

Shares of Bharti Infratel Ltd closed up 3.40% and was the top gainer on the Nifty.

Zee Entertainment was the top loser with a 3.4% drop. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Shinjini Ganguli)

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