MUMBAI (Reuters) - The BSE Sensex snapped a four-session gaining streak on Monday as technology stocks fell on profit-booking, while shares sensitive to interest rates fell after the RBI governor rejected that high inflation is the "new normal."
Reserve Bank of India Gov. Duvvuri Subbarao rejected the notion that high inflation is the "new normal" in comments on Friday, raising concerns the central bank could remain hawkish about interest rates.
Tata Consultancy Services Ltd provisionally fell 1.4 percent, while ICICI Bank ended down 1.1 percent.
The Sensex provisionally fell 0.38 percent, while the Nifty ended down 0.06 percent.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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