- Lakshmi Vilas Bank, Development Credit Bank, Dhanlaxmi Bank shares gain on RBI's foreign takeover norms boostIndian rupee pulled off lows by suspected RBI interventionBanks offer overseas staff training for high insurance salesMoody's maintains 'stable' on Axis Bank, HDFC Bank, ICICI Bank
BSE Sensex index is trading down 0.4 per cent, heading for a fourth consecutive fall in a holiday-shortened week after hitting a record high last week.
The broader NSE index falls 0.5 per cent.
Asian shares slump to a four-week low after Wall Street suffered its biggest fall in more than two months, while a surprise interest rate cut by the European Central Bank knocked down the euro to a seven-week low.
Blue-chip stocks such as Tata Consultancy Services (TCS) and Housing Development Finance Corporation Ltd (HDFC) fall 1.2 per cent and 1.8 per cent, respectively, continuing to be hit by profit-taking.
Tata Motors rises 2.2 percent ahead of its results due later in the day.