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Sensex and Nifty fell for a second consecutive session on Monday

Sensex and Nifty fell for a second consecutive session on Monday, retreating from record highs hit on Friday, weighed down by profit-taking in blue chips such as Larsen and Toubro Ltd (L&T) and choppy global markets.

Although hopes for a recovery in the economy and that the Bharatiya Janata Party (BJP) led by Narendra Modi will win elections continue to support shares, upcoming earnings results could keep trading volatile.

The Nifty lost 0.32%, or 21.50 points, to 6,761.25, marking its lowest close since 16 April and retreating from a record high of 6,869.85 hit on Friday.

The Sensex fell 0.25%, or 56.46 points, to 22,631.61, its lowest close since 17 April, and below its all-time high of 22,939.31 hit on Friday.

Source:webmedia

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