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    Sensex, Nifty drop over 1% after pullback rally fizzles

    Bengaluru, June 22 Indian shares fell more than 1 per cent on Wednesday, with the metal index plunging over 4per cent, while global investors remained concerned over monetary tightening policy and recession fears. The NSE Nifty 50 index fell 1.09 per cent to 15,468.5, while the S&P BSE Sensex dropped 0.9 per cent to 52,026.81. Both indexes had clocked their best session in three weeks on Tuesday. “Yesterday’s rally was a pullback in a bearish market. But there was not enough steam to sustain the momentum. There was a lot of short covering as well,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services. India’s 10-year benchmark yield…