India In-Focus — Shares fall; Factory explosion kills 10; UniCredit considering India as it widens search for buyers

MUMBAI: Indian shares fell on Monday dragged by technology and metal stocks, while global investor mood turned cautious ahead of key US economic growth data and central bank rate decisions in Europe and India this week.

The NSE Nifty 50 index was down 0.65 percent at 16,475.65, as of 0404 GMT, while the S&P BSE Sensex fell 0.68 percent to 55,384.47.

Both indexes saw volatile moves last week, but still clocked their third straight week of advances with gains of around 1.5 percent each.

10 people killed in India factory explosion