Indian shares slipped on Thursday with lenders such as HDFC Bank and ICICI Bank falling on caution ahead of the expiry of derivative contracts and release of September-quarter gross domestic product data later in the day. Domestically, investors were wary ahead of the GDP data, with analysts expecting growth to have picked up as businesses started to overcome teething troubles after the launch of a national sales tax and the ban on high-value banknotes last year.
The broader NSE index was down 0.82 percent at 10,276.20 as of 0617 GMT, and set to post its fourth monthly loss this year. The benchmark BSE index was 0.90 percent lower at 33,300.68, but was on track for a second straight monthly gain.
HDFC Bank fell 0.9 percent after gaining in the last four sessions while ICICI Bank Ltd slipped more than 1 percent. The Nifty bank index was down 1 percent, on track for a third session of losses. The Nifty PSU bank index fell for the third straight session, losing as much as 1.4 percent, with State Bank of India down 1.8 percent.
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