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Indian shares fall for fifth session as financials, Reliance weigh


By Reuters Staff
2 Min Read
BENGALURU (Reuters) - Broad-based losses pulled Indian shares lower on Monday as investors locked in profits in high-flying stocks, while news of fresh COVID-19 restrictions in parts of the country also weighed on sentiment.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade/Files
Domestic equities rose sharply in the first two weeks of February thanks to solid corporate earnings and a well-received federal budget, but markets have pared some of those gains in recent sessions due to profit-taking.
The NSE Nifty 50 index ended 2.04% lower at 14,675.70, clocking its biggest one-day drop since Dec. 21. The S&P BSE Sensex closed down 2.25% at 49,744.32. ....

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Indian Shares Fall For Fifth Session As Financials Reliance Weigh


BW Businessworld
Indian Shares Fall For Fifth Session As Financials, Reliance Weigh
The NSE Nifty 50 index was down 0.68% to 14,880.75 by 0454 GMT, while the S&P BSE Sensex was 0.85% lower at 50,446.43.
Photo Credit :
 Indian shares extended losses to a fifth session on Monday, dragged down by index heavyweight Reliance Industries and financials as investors sold off recent high-flying stocks.
Equities in India rose sharply in the first two weeks of February, driven by solid corporate earnings, a well-received federal budget and strong foreign fund inflows.
However, markets have pared some of the gains since last week as concerns grew that valuation in certain cases are stretched, and some investors locked in profits in recent winners. ....

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