Mumbai Jan 16 (IANS) Breaking a three-day streak of closing at record highs the two key Indian equity indices on Tuesday provisionally closed in the negative zone.
According to market observers the key indices retreated from their record high levels as investors booked profits in almost all the sectors except the IT and Teck (technology media and entertainment) indices which closed with robust gains.
The wider Nifty50 of the National Stock Exchange (NSE) fell by 41.10 points or 0.38 per cent to provisionally close (at 3.30 p.m.) at 10 700.45 points.
On the BSE the barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at a fresh high of 34 877.71 points closed at 34 771.05 points -- down 72.46 points or 0.21 per cent -- from its previous session s close.
The BSE market breadth was bearish as 2 228 stocks declined as compared to 748 advances.
On Monday easing inflation coupled with an optimism surrounding quarterly corporate earnings pushed the key indices higher with the NSE Nifty50 index crossing the 10 700-mark for the first time.
The Nifty50 rose by 60.30 points or 0.56 per cent to close at a fresh level of 10 741.55 points while the Sensex closed at a record high of 34 843.51 points -- up 251.12 points or 0.73 per cent.
--IANS
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