Indian shares lower

Indian shares ended lower for the second consecutive session on Thursday as banking stocks fell on doubts over the likelihood of further rate cuts by the country's central bank. The broader NSE index closed down 0.67 percent at 10,013.65, while the benchmark BSE index was 0.74 percent lower at 32,237.88.
ICICI Bank and State Bank of India ended down more than 2 percent each. The Reserve Bank of India on Wednesday cut the repo rate by 25 basis points to 6 percent, a more than 6-1/2 year low, but pinned future action on economic data, disappointing investors who had hoped for signs of more easing ahead. Housing Development Finance Corp, down as much as 1.71 percent, was the biggest drag on both indexes. State Bank of India fell as much as 2 percent, Canara Bank Ltd lost as much as 2.8 percent.