Sensex, Nifty Reverse Gains After Five-Week Rally on Poll Bets

The benchmark S&P BSE Sensex closed 0.3 percent lower at 38,132.88 in Mumbai, reversing a gain of as much as 0.6 percent earlier today. The NSE Nifty 50 Index also retreated by the same magnitude. Foreign funds have pumped in more than $6 billion into Indian stocks this year on optimism of a revival in company earnings, continued low interest rates and the reinstatement of the incumbent national government.

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