Indian shares closed over 1 percent lower for a second consecutive session on Thursday, reflecting losses in broader markets where fears of a slowdown in global economy soured sentiment. The benchmark BSE index closed down 1.05 percent at 35,513.71. The broader NSE index ended 1.11 percent lower at 10,667.25.
Eicher Motors Ltd ended a second consecutive session lower on the back of disappointing December sales data. Only nine out of 50 stocks on the country's NSE index finished the session higher, with Bharti Infratel Ltd closing 2.8 percent up. "People are waiting for triggers," said Jayant Manglik, president of retail distribution at Religare Broking in New Delhi.
Energy stocks also took a beating, with Hindustan Petroleum Corp Ltd and Oil and Natural Gas Corp falling 3 percent and 2.3 percent respectively. They were the top percentage decliners on the NSE index.