Indian shares down

Indian shares settled lower on Wednesday after three straight sessions of gains, as worries of a global recession weighed on investor sentiment.
The broader NSE index closed down 0.53% at 11,046.10, while the benchmark BSE index ended 0.5% lower at 37,451.84.
A unit of Fitch Ratings, India Ratings and Research, lowered its FY20 gross domestic product (GDP) growth forecast for the country to 6.7% from 7.3%, souring domestic sentiment.
On the NSE index, Yes Bank Ltd was the top loser, closing 7.75% lower after Moody's downgraded the lender's long-term foreign-currency issuer rating to 'Ba3' from 'Ba1' and set outlook at negative.
The Nifty metals index ended down 3.36% with all the 14 constituents in the red, while the Nifty auto index fell by 2.34%. IT stocks were among the few gainers on the NSE index with the Nifty IT index settling 1.31% higher.