The NSE Nifty 50 index fell 1.45% to 9247.35 by 0400 GMT, while the S&P BSE Sensex was 1.51% lower at 31,522.01.
Indian shares fell on Thursday after the government's stimulus package for small businesses battered by the coronavirus pandemic was poorly received by investors.
The NSE Nifty 50 index fell 1.45% to 9247.35 by 0400 GMT, while the S&P BSE Sensex was 1.51% lower at 31,522.01.
The Centre said on Wednesday it would offer nearly $60 billion of loan guarantees for small businesses, shadow banks and power companies, as part of a 20-trillion-rupee ($266 billion) fiscal and monetary package.
Other Asian stock markets also fell as worries about a second wave of coronavirus infections and a dour warning from the head of the U.S. Federal Reserve dashed hopes for a quick recovery.
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