Indian shares end near two-month lows

BENGALURU, Sept 28 (Reuters): Indian shares ended around two-month lows on Wednesday, with banks, energy and metal companies posting losses, as fears of a global recession dented risk sentiment.
The NSE Nifty 50 index fell 0.9 per cent to 16,858.60, while the S&P BSE Sensex closed down 0.9 per cent to 56,598.28. Both the indexes have fallen for a sixth straight session, posting their longest losing streak since mid-June.
Global shares sank to two-year lows on Wednesday, as surging borrowing costs and a worsening energy crisis intensified fears that the world could tip into recession.
Rising interest rates and bond yields had raised the investment barrier for equities, said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services.
Meanwhile, fear of recession because of "very high" interest rates, was adding pressure, he said.