Sensex falls for 2nd day as profit-taking weighs

The BSE Sensex and Nifty fell for a second straight session on Monday, retreating from record highs hit on Friday, weighed down by profit-taking in blue-chips such as Larsen & Toubro and choppy global markets. Investors also remained wary ahead of the US Federal Reserve's two-day meet starting Tuesday, coming at a time of continued tensions between Russia and the West over Ukraine.

Although hopes for a recovery in the economy and that the Bharatiya Janata Party led by Narendra Modi will win elections continue to support shares, upcoming earnings results could keep trading volatile.

The Nifty lost 0.32 per cent, or 21.50 points, at 6,761.25, marking its lowest close since April 16 and retreating from a record high of 6,869.85 hit on Friday. The Sensex fell 0.25 per cent, or 56.46 points, to 22,631.61, its lowest close since April 17.