June 12, 2019 / 4:50 AM / 8 days ago

Nifty, Sensex snap winning spree; auto stocks weigh

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui/File Photo

BENGALURU (Reuters) - Indian shares snapped three sessions of gains to settle lower on Wednesday, in line with global markets as Washington took a tough line on trade talks with Beijing, while Indiabulls Housing Finance Ltd drove the declines in the NSE Nifty.

The broader NSE Nifty closed 0.50% lower at 11,906.20, while the benchmark BSE Sensex settled down 0.48% at 39,756.81.

A fall in domestic automobile sales dented sentiment, with auto stocks featuring among top laggards in the index. The country’s auto index closed 1.13% weaker.

Bharti Infratel closed 3.5% lower, while Indiabulls Housing Finance Ltd settled 7.9% down to its lowest since February.

Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry Jacob-Phillips

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