Indian shares ended lower on Wednesday, pulled down by state-run lenders such as State Bank of India which fell after the central bank recently unveiled tough rules for loan restructuring. The benchmark BSE index closed down 0.42 percent at 34,155.95. The broader NSE index ended 0.37 percent lower at 10,500.90.
While Indian markets were closed on Tuesday for a public holiday, Asian stocks had pulled further away from two-month lows, lifted by Wall Street's extended rebound from last week's steep fall. The Nifty PSU bank index shed as much as 2.8 percent, with SBI leading the decline with a 2 percent fall. Bank of India and Punjab National Bank dropped over 5 percent.
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