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Markets decline for 2nd day; down 1%

Chandan Kishore Kant  |  Mumbai 

Indian markets posted their worst-single day fall in six weeks, as investors continued to book profits after the recent rally in several stock prices. Both the Sensex and the Nifty registered a fall of one per cent each, the most since June 24, when the outcome of the Brexit referendum was declared.

The benchmark Sensex fell 1.1 per cent, or 310 points, to end at 27,774.88, while the Nifty 50 lost nearly 1.2 per cent, or 103 points to settle at 8,575.3. The Indian markets have rallied 20 per cent from 2016's lows touched on February 29. The Sensex and the Nifty have been seen hitting ...

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First Published: Wed, August 10 2016. 22:45 IST