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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

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Sensex ends lower ahead of meet on GST bill

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, August 24, 2015. REUTERS/Danish Siddiqui/Files

(Reuters) - Indian shares ended lower on Tuesday after the broader NSE Nifty (.NSEI) hit a one-year high as investors booked profits ahead of a state ministers' meeting to discuss the Goods and Services Tax bill.

The Nifty ended 0.52 percent down at 8590.65, after two consecutive sessions of gains, after touching a year high of 8644.90.

The BSE Sensex (.BSESN) pared early gains and closed 0.42 percent down at 27,976.52.

India's second-largest drugmaker Dr Reddy's Laboratories Ltd (REDY.NS) was the biggest percentage loser on the Nifty after its June-quarter profit slumped 75 percent.

(Reporting by Arnab Paul in Bengaluru; Editing by Gopakumar Warrier)