Indian shares snap 6-day run of gains

BENGALURU, Aug 4 (Reuters): Indian shares settled in the negative territory on Thursday as gains in IT stocks were offset by losses in banks, while investors kept an eye out for a central bank policy decision later this week.
The NSE Nifty 50 index fell 0.04 per cent to 17,382, at the close, and the S&P BSE Sensex was down 0.09 per cent at 58,298.80, snapping six straight sessions of gains.
The benchmark indexes earlier in the session rose to their highest in over three months, lifted by tech stocks.
Market participants are awaiting the outcome of the Reserve Bank of India's (RBI) monetary policy meeting on Friday. The RBI has raised rates twice since May and is expected to hike rates again to tame persistently high inflation in Asia's third-largest economy.