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Sensex, Nifty fall for 2nd day; IT, banking shares weigh
Equity benchmark indices Sensex and Nifty declined for the second consecutive session due to selling in banking, financial, and select IT shares. The Sensex dropped by 0.19% to close at 66,282.74, while the Nifty fell by 0.22% to close at 19,751.05. Weak global markets, weak revenue guidance in the IT sector, and higher-than-expected US inflation data were the main factors affecting the sentiment. Additionally, rising US bond yields and losses in Asian markets also impacted domestic equities.
Equity benchmark indices Sensex and Nifty declined for the second consecutive session due to selling in banking, financial, and select IT shares. The Sensex dropped by 0.19% to close at 66,282.74, while the Nifty fell by 0.22% to close at 19,751.05. Weak global markets, weak revenue guidance in the IT sector, and higher-than-expected US inflation data were the main factors affecting the sentiment. Additionally, rising US bond yields and losses in Asian markets also impacted domestic equities. 
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