BENGALURU (Reuters) -Indian shares opened lower on Monday, dragged by information technology and financial stocks as profit booking emerged at record high levels.
The NSE Nifty 50 index fell 0.4% at 26,178.95 points as of 9:28 a.m IST, while the S&P BSE Sensex dropped 0.5% at 85,571.85.
The benchmarks indexes had declined on Friday, as investors booked profits after a six-session rally on the back of an outsized U.S. interest rate cut, which bolstered expectations of more foreign inflows.
IT stocks dropped 1% in early trade, giving up the near-1% gain they logged over the last two sessions.
Financial services were also down 0.5%, falling for the second consecutive session, and were among the top drags on the benchmark.
(Reporting by Indranil Sarkar and Ashna Teresa Britto in Bengaluru; Editing by Varun H K)
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