Sensex takes breather after record rally – Times of India

MUMBAI: The sensex closed lower on Tuesday due to profit-taking by investors after a record-breaking rally and ahead of release of key inflation numbers.
After a two-day rally, the sensex fell by 378 points to settle at 69,551. During the day, it declined 485 points to 69,445.
Nifty scaled a new lifetime intra-day high of 21,038 points before closing below the 21,000 level.The 50-issue barometer declined by 91 points to close at 20,906. On Monday, the sensex surged past the 70,000-level for the first time, reaching itsrecord intra-day peak of 70,058. Nifty had settled just below the 21,000 level at 20,997, its all-time closing high.
“Nifty snapped its two-day rally and closed lower in a volatile session. Global equity markets posted moderate moves (mostly positive), with investors reluctant to make big bets in the buildup to this week’s major risk events of US Inflation data and Central Bank meetings,” said Deepak Jasani of HDFC Securities. agencies

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