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Shares fall for 2nd day on Fed rate increase concerns

MUMBAI (NewsRise) - Indian shares fell to a two-week low Thursday, as global risk sentiment soured after the U.S. Federal Reserve's April meeting minutes further bolstered the likelihood of a rate increase as early as June.

The benchmark BSE Sensex fell 1.2% to 25,399.72 points, its lowest since May 6. The index is down 1% in May and 2.8% in 2016. The broader NSE Nifty50 index declined 1.1% to 7,783.40 points.

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