Stock markets fall for 2nd day on selling in IT banking shares, FII ouflows

Benchmark indices Sensex and Nifty declined for a second day in a row on Friday due to selling in IT and banking shares amid foreign fund outflows and weak trends in the US markets. The 30-share BSE Sensex fell by 106.62 points or 0.16 percent to settle at 66,160.20. During the day, it declined by 388.17 points or 0.58 percent to a low of 65,878.65.

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