BENGALURU, June 9 Reuters Indian shares extended losses to a fifth session on Thursday, as investors worried that aggressive policy tightening by central banks could stifle global economic growth.

The NSE Nifty 50 index was down 0.17 at 16,327.15, as of 0438 GMT, while the SP BSE Sensex fell 0.19 to 54,790.26.

We are mirroring global markets. As long as nothing decisive is happening there, we will continue to trade in a tight range and likely see more sectorspecific moves, instead of major moves by benchmarks, said Ajit Mishra, vice president, research at Religare Broking.

Asian shares fell, with MSCI39;s broadest index of AsiaPacific shares outside Japan slipping 0.39 ahead of a key meeting of the European Central Bank.

In a widely expected move on Wednesday, the Reserve Bank of India raised the repo rate by 50 basis points just a month after an unscheduled 40 basis point repo rate hike, signalling further tightening ahead to fight soaring inflation.

On Thursday, most major Nifty subindexes inched lower. Real estate stocks, which had risen nearly 2 in the previous session after the central bank allowed rural cooperative banks to lend towards residential housing projects, fell 1.4.

Beatendown technology stocks dropped 1.4 to their lowest in nearly two weeks.

However, losses in the benchmark indexes were capped by gains in energy stocks. The Nifty energy subindex climbed 0.6 as crude prices advanced on robust China trade data.

Meanwhile, India39;s daily COVID19…