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(Reuters) – Indian stocks fell by more than 1% and ended lower for a fifth consecutive session Monday, driven by financial companies like Indiabulls Housing Finance Ltd and Housing Development Finance Corp.
A broker responds during trading on his computer terminal in a brokerage firm in Mumbai on November 9, 2016. REUTERS / Danish Siddiqui / Files
Indiabulls Housing Finance extended its losses to a second session, closing down 7.3%. The benchmark indexes fell more than 3% on Friday, as housing finance stocks experienced strong sales, amid fears of weak balance sheets.
The BSE Sensex benchmark closed down 1.46% to 36,305.02, its lowest level since July 11th.
The broader Nifty NSE ended down 1.58% at 10,967.4, its largest percentage loss since March 16th.
Reporting by Arnab Paul in Bangalore
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