Indian shares fell on Thursday, as investors booked profits in financials after the central bank cut interest rates on expected lines.
The Reserve Bank of India cut its policy rate by 25 basis points to 6 percent on Wednesday, the lowest since November 2010, in line with market expectations.
Sentiment was also weak after an index measuring key services sector dropped to lowest since 2013 due to the disruption caused by the rollout of goods and services tax.
At 0615 GMT, the S&P BSE Sensex shed 0.4 percent to 32,337 while the broader NSE Nifty declined 0.41 percent to 10,040.
S&P BSE Bankex Index fell 1.1 percent, dragged down by. Punjab National Bank, Axis Bank and Bank of Baroda.
Anil Dhirubhai Ambani group stocks fell. Reliance Communications slumped 6 percent, Reliance Defence fell 2 percent, Reliance Power lost 1.8 percent while Reliance Capital dropped 1 percent.
Entertainment Network India lost 3.5 percent after its net profit for June quarter declined nearly 70 percent.
Among the gainers, Fortis Healthcare rose 6.3 percent after a huge block deal.
Sical Logistics gained 2 percent after the company reported a 76 percent surge rise in its net profit.
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.
Meanwhile, stocks in Asia took a pause after equities surged to the highest level in almost 10 years.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent, with South Korea's tech-heavy Kospi index on course to drop 1.6 percent.
