Sensex edges lower after court scraps most coal block allocations

MUMBAI (Reuters) - The BSE Sensex and Nifty fell for a second straight day as resources firms such as Jindal Steel and Power Ltd, and public sector lenders that lent to them, slumped after the Supreme Court cancelled most coal blocks allocated since 1993.

The Sensex provisionally fell 0.12 percent to 26,744.69 points, while the Nifty ended 0.19 percent lower at 8,002.40 points.

Jindal Steel and Power slumped 10.6 percent, while State Bank of India closed down 3.14 percent.

(Reporting by Indulal PM; Editing by Prateek Chatterjee)