Sensex heads for third day of falls; banks, HUL down

Mumbai: The BSE Sensex is down 0.27 percent, while the broader Nifty is 0.15 percent lower, retreating for a third day after scaling record highs on Friday.

Sentiment weak as foreign investors sold index futures worth 11.70 billion rupees ($193.21 million) over the previous two sessions. Lenders lead the declines given the sector comprises a major portion of index futures: HDFC Bank Ltd falls by 1.2 per cent, while State Bank of India is down 0.7 per cent.

Kotak Mahindra Bank  shares fell by 1.4 per cent and Indusind Bank Ltd is down 1.1 per cent. Consumer goods maker Hindustan Unilever Ltd falls 2.7 per cent following disappointment over its January-March sales volume growth.