India, Oct. 19 -- Indian shares were modestly lower in early trade on Monday on concerns over elevated oil prices amid escalating tensions in the Strait of Hormuz.
The benchmark 30-share BSE Sensex was down 250 points, or 0.3 percent, at 74,476 while the NSE Nifty index dropped 60 points, or 0.3 percent, to 23,086.
HDFC Bank fell 1.6 percent after reporting a marginal dip in margins on the interest-earnings assets during the September quarter.
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