Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed. The broader NSE index closed down 0.48% at 10,982.80, while the benchmark BSE index ended 0.45% lower at 37,104.28. The BSE index snapped three sessions of gains.

The Nifty auto index ended 1.88% lower, with Tata Motors Ltd and Maruti Suzuki Ltd shedding 4.76% and 3.11%, respectively.

Shares of Yes Bank Ltd and Axis Bank Ltd were among the top percentage losers on the NSE index, closing down 5.1% and 2.76%, respectively.

Airline stocks bucked the trend, with Interglobe Aviation Ltd rising 3.55% to a record high, while smaller rival SpiceJet Ltd rose as much as 5.51% - its best intraday spike ever.

Copyright Reuters, 2019