Sensex falls from nearly three-year high; banks fall

MUMBAI (Reuters) - The BSE Sensex fell on Tuesday, retreating from a nearly three-year high hit earlier in the session, as blue chips declined ahead of the October 17 deadline to lift the U.S. debt ceiling.

Lenders also led decliners after data showing accelerating inflation sparked concerns the central bank would raise interest rates this month.

HDFC Bank provisionally fell 2.9 percent after posting slowest quarterly profit growth in a decade, while ICICI Bank ended 2.4 percent lower.

The Sensex provisionally fell 0.43 percent after earlier hitting its highest intraday level since November 2010, while the Nifty ended down 0.54 percent, snapping its five day winning streak.

 

Indian markets are closed on Wednesday for a public holiday.

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)