February 27, 2017 / 6:56 AM / 6 months ago

Nifty snaps six-session gaining streak; banks drag

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015.Danish Siddiqui/Files

REUTERS - The Nifty fell 0.5 percent on Monday, retreating from a nearly two-year high hit last week and snapping six consecutive sessions of gains, as banks retreated after a recent rally.

The Nifty fell 0.48 percent to 8,896.7, after touching its highest since March 4, 2015 on Thursday. The Sensex closed 0.28 percent lower at 28,812.88.

Markets were closed on Friday for a domestic holiday.

Reporting by Samantha Kareen Nair in Bengaluru; Editing by Subhranshu Sahu

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