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Financials

Indian shares fall for third day as derivatives expiry weighs

BENGALURU, Dec 26 (Reuters) - Indian shares ended lower for the third consecutive session on Thursday due to volatility around the expiry of monthly derivative contracts, with Yes Bank falling nearly 5%.

Also weighing on markets were reports that India’s government was unlikely to meet its disinvestment target and would possibly face an up to $7 billion hole in its budget, raising questions about its fiscal deficit.

The NSE Nifty 50 index closed 0.72% lower at 12,126.55, while the S&P BSE Sensex also shed 0.72% to end at 41,163.76.

With three trading sessions left in the year, the Nifty has risen 11.6% so far in 2019. (Reporting by Sachin Ravikumar; editing by Uttaresh.V)

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