Sensex, Nifty fall for third day, hit two-week closing low

The BSE Sensex and Nifty fell for the third straight session on Friday, hitting their lowest close in over two weeks as Mahindra and Mahindra declined on concerns over weak monsoon, while other blue-chips slipped on Iraq violence led risk aversion.

The BSE Sensex and Nifty fell for the third straight session on Friday, hitting their lowest close in over two weeks as Mahindra and Mahindra declined on concerns over weak monsoon, while other blue-chips slipped on Iraq violence led risk aversion.

Mahindra and Mahindra provisionally fell 3.1%, while ICICI Bank ended 1% lower.

The Sensex provisionally closed 0.38% lower, while the Nifty lost 0.39%, marking their lowest close since June 5. The indexes also ended down for the second consecutive week.