India In-Focus — Shares fall; 1-5-year OIS spread drops to 29-month low; SpiceJet clears dues

RIYADH: Indian shares were trading lower on Tuesday and looked set to snap a four-day rally, weighed by metal stocks amid a decline in broader Asian equities and oil prices.

The NSE Nifty 50 index was down 0.49 percent at 17,255.80, as of 0505 GMT, and the S&P BSE Sensex fell 0.44 percent to 57,861.69.

Top lender State Bank of India offered a shot in the arm to Nifty 50 index, rising 1 percent, while aluminum and copper manufacturer Hindalco Industries was among the top losers, declining 3.5 percent.