Markets Decline Following Intraday Record Highs; Sensex Crosses 75,000 Level

On Tuesday, the benchmark equity indices concluded modestly lower due to profit-taking after the BSE Sensex crossed the historic 75,000 level for the first time in early trade and the Nifty rose to a new high.

The 30-share BSE Sensex slid 58.80 points or 0.08 percent to 74,683.70, capping its record-breaking rise. During the day, it moved 381.78 points or 0.51 percent to record an all-time high of 75,124.28.

The NSE Nifty sank 23.55 points or 0.10 percent to 22,642.75. During the day, it climbed 102.1 points or 0.45 percent to hit the record high of 22,768.40.

Bosch, RECL, Colgate-Palmolive, ABB India, Samvardhana Motherson, titan, power finance Corp, Marico, and LIC were the top laggards.

Among the gainers were Vedanta, SBI Cards, Tata Power, Apollo hospitals, Bharat Electronics, Hindalco, ICICI Bank, GAIL (India), and Bajaj Finserv.

In Asian markets, Tokyo, Shanghai, and Hong Kong closed in positive territory, while Seoul closed lower.

Brent crude gained 0.18 percent to $90.54 a barrel.

European stocks were generally trading down.

On Monday, Wall Street concluded on a mixed note.

According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 684.68 crore on Monday.

On Monday, the BSE benchmark advanced 494.28 points or 0.67 percent to 74,742.50, while the NSE Nifty inched up 152.60 points or 0.68 percent to 22,666.30.

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