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Sensex inches down; ITC slumps to lowest in about 10 months

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Reuters MUMBAI
Last Updated : Jun 23 2014 | 4:00 PM IST

MUMBAI (Reuters) - The BSE Sensex edged down on Monday to close at its lowest in nearly 2-1/2 weeks as index heavyweight ITC slumped on tax hike worries.

ITC provisionally fell 5.4 percent, marking its biggest single day fall since September 2013, while Kotak Mahindra Bank ended 4 percent down.

The benchmark BSE Sensex provisionally closed 0.3 percent lower, while the broader Nifty lost 0.24 percent, falling for a fourth consecutive session to mark their lowest close since June 5.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)

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First Published: Jun 23 2014 | 3:43 PM IST

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