Markets Take Pause Following Record-Breaking Run; Nifty Reaches An All-Time High In Intra-Day Trading

Benchmark stock indices fell on Tuesday as investors took profits after a record-breaking rally and ahead of the release of key inflation figures.

Following a two-day rise, the 30-share BSE Sensex slid 377.50 points or 0.54 percent to 69,551.03. It fell 484.68 points or 0.69 percent, during the day to 69,443.85.

The Nifty dropped 90.70 points or 0.43 percent to 20,906.40. It reached a record high of 21,037.90 during intraday trading. Following buying by foreign investors, key stock indices settled at an all-time high on Monday.

The main laggards on the Sensex were IndusInd Bank, Maruti, Titan, Reliance Industries, NTPC, Mahindra & Mahindra, Larsen & Toubro, Kotak Mahindra Bank, and HDFC Bank.

The top gainers were UltraTech Cement, JSW Steel, Axis Bank, Tata Consultancy Services, Wipro, and ITC.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all closed in the positive territory.

The majority of European markets were trading in the green.

On Monday, the US markets finished higher.

Brent crude gained 0.39 percent to $76.33 a barrel on Tuesday.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 1,261.13 crore on Monday.

On Monday, the Sensex broke beyond the 70,000-point level for the first time, achieving a record intra-day high of 70,057.83. It closed at 69,928.53, a gain of 102.93 points or 0.15 percent.

The Nifty climbed 27.70 points or 0.13 percent to close slightly below the 21,000 at 20,997.10, its all-time high.

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