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Nifty, Sensex slide on weak earnings; banks, refiners drag
- By Reuters |
- bigstories
BENGALURU - Indian shares fell from record highs on Monday, dragged down by financial companies after a clutch of disappointing earnings reports. The NSE Nifty 50 Index dropped 1% to 12,224.55, while the S&P BSE Sensex index closed down 0.99% at 41,528.91, both marking their biggest drop in two weeks. Shares of Kotak Mahindra Bank fell 4.7%, recording their worst day in more than a year, after the private-sector lender missed expectations for quarterly profit and as its asset quality worsened. The stock was the...
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