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Nifty retreats from two-year closing highs; banks fall
March 7, 2017 / 6:15 AM / 7 months ago

Nifty retreats from two-year closing highs; banks fall

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade/Files

REUTERS - Indian shares fell on Tuesday after hitting two-year closing highs in the previous session, as investors booked profits in recent outperformers ahead of state elections results, including that of the key state of Uttar Pradesh.

The Nifty closed down 0.18 percent at 8,946.90, after closing at its highest since March 2015 on Monday. The benchmark Sensex ended 0.17 percent lower at 28,999.56.

Financial stocks fell, led by Axis Bank Ltd and Yes Bank Ltd. Both dropped more than 1.5 percent each.

Reporting By Darshana Sankararaman in Bengaluru; Editing by Subhranshu Sahu

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