Key Points
The S&P BSE Sensex fell 377.50 points to 69,551.03 at the closing bell, while the NSE Nifty 50 ended just over 20,900 after settling over 90 points lower...
Benchmark stock market indices ended lower on Tuesday, dragged down by a pullback in energy stocks ahead of retail inflation data, which will be released later in the day...
Earlier in the trading session, the Nifty had hit a fresh record high in the first hour of trade, while Sensex had crossed the 70,000 mark for the second consecutive session...
Deven Mehata, research analyst at Choice Broking, said, After a flat opening, the Nifty traded erratic today, reaching a new all-time high of 21,037.90 before correcting from higher levels and closing the session slightly above the 20,900 support level...
For the past couple of days, the Index has been trading with a negative divergence, and today, the Index breached its strong support level and made a bearish engulfing pattern at the record levels which suggests a short-term top has been made and a minor correction (profit-taking) can be anticipated..
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