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Sensex, Nifty Snap Four-day Winning Streak

Indian shares gave up early gains to end lower on Thursday, snapping a four-day winning streak. The downside, however, remained limited after survey figures form IHS Markit showed India's service sector activity recovered from the GST-related contractions registered in the previous two months.

The headline Nikkei Services Purchasing Managers' Index climbed to 50.7 in September from 47.5 in the prior month.

The benchmark BSE Sensex ended the session down 79.68 points or 0.25 percent at 31,592.03 while the broader Nifty index slid 26.20 points or 0.26 percent to finish at 9,888.70.

ICICI Bank, HPCL, Power Grid Corp, Infratel and Tech Mahindra were among the worst performers in the Nifty pack.

Natco Pharma shares rallied 3.1 percent, extending gains for the fifth consecutive session. Cadila Healthcare rose 1.4 percent on receiving final approval from the U.S. FDA to market Fesoterodine Fumerate Extended-Release tablets.

Elsewhere, Asian stocks ended on muted note and European markets were mixed in early trade, as falling oil prices coupled with worries about Catalonia's independence vote from Spain kept investor appetite in check.

Market participants also awaited the U.S. government's non-farm payrolls report due out Friday for further clues as to the timing of the next rate rise.

by RTT Staff Writer

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