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Indian shares decline for second day as investors take profit

Heavyweights Reliance Industries, HDFC extend losses

MUMBAI (NewsRise) -- Indian shares fell for a second consecutive session, tracking weakness in the rest of Asia, and as investors continued to take profits in local index heavyweights.

The BSE Sensex fell 0.84%, or 281 points, on Monday to close at 33,033.56. The Nifty index lost 0.9%, or 96.80 points, at 10,224.95. The Sensex is up about 24% so far this year. Mortgage lender Housing Development Finance Corp. fell 2.2% while oil-to-telecom conglomerate Reliance Industries declined 1% amid concerns that strengthening crude oil prices will hurt the company's refining margins. Oil and Natural Gas Corp. shed 3.4%.

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