Sensex falls over 1 percent; rate-sensitive stocks drag

MUMBAI (Reuters) - The BSE Sensex provisionally closed over 1 percent lower, retreating from a record closing high hit in the prior session as interest-rate sensitive stocks declined after the central bank governor issued a strong warning on inflation.

The Sensex provisionally closed 1.09 percent lower at 21,141.06, while the Nifty closed 1.21 percent lower at 6,266.75.

Ranbaxy Laboratories , majority owned by Japan's Daiichi Sankyo Co Ltd , provisionally closed 18.94 percent down after the U.S. Food and Drug Administration banned more products from the drugmaker.

(Reporting by Indulal PM; Editing by Anand Basu)