Nifty edge lower as IT stocks weigh; HDFC gains on upbeat earnings

  • Reuters
  • Stock Market News
Nifty edge lower as IT stocks weigh; HDFC gains on upbeat earnings
Credit: © Reuters.

BENGALURU, Jan 18 (Reuters) - Indian shares inched lower on Monday, as information technology shares extended fall after hitting record highs, while HDFC Bank shares rose after strong quarterly results.

The blue-chip NSE Nifty 50 index .NSEI fell 0.2% to 14,405 and the benchmark S&P BSE Sensex .BSESN was down 0.2% at 48,959.66 by 0349 GMT.

The Nifty IT index .NIFTYIT fell nearly 1%.

HDFC Bank HDBK.NS shares rose 1.7% after India's top private sector lender reported 18% jump in December quarter profit on Saturday. (https:// of Dewan Housing Finance Corp DWNH.NS rose 5% after the company's creditors voted in favour of a 372.5 billion rupees ($5.09 billion) takeover bid submitted by the Piramal Group for the troubled "shadow" lender on Friday.

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