India's Sensex Extends Losses as Global Stocks Resume Selloff
- MSCI Asia Pacific Index nears bear market territory Tuesday
- Asian Paints paces declines as profit, sales miss estimates
Pedestrians outside the Bombay Stock Exchange (BSE) in Mumbai, in 2016.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Indian shares slid to a six-month low ahead of the expiry of derivatives contracts as global equities lurched lower again and quarterly results from some of the nation’s biggest companies disappointed investors.
The S&P BSE Sensex dropped 0.8 percent to 33,847.23 at close in Mumbai. Asian Paints Ltd. was the worst performer among the gauge’s 30 constituents after the September-quarter profit at the country’s biggest producer of the material trailed estimates. The NSE Nifty Index slid 1 percent to 10,146.80. Brent crude fell below 50-day moving average for the first time since August.