Equity benchmark indices Sensex and Nifty hit fresh lifetime high levels on Tuesday before closing flat due to profit-taking in select banking and telecom shares amid concerns over rich valuations.
The 30-share BSE Sensex declined 34.74 points or 0.04 percent to settle at 79,441.45 after a volatile trading session. Earlier in the day, it surged 379.68 points or 0.47 percent to reach a record peak of 79,855.87.
The Nifty dropped 18.10 points or 0.07 percent to close at 24,123.85, after climbing 94.4 points or 0.39 percent to a lifetime high of 24,236.35 during intra-day trading.
In the Sensex pack, Kotak Mahindra Bank, Bharti Airtel, IndusInd Bank, Tata Motors, ICICI Bank, Bajaj Finance, State Bank of India, and Titan were the biggest laggards. Conversely, Larsen & Toubro, Infosys, HDFC Bank, Tata Consultancy Services, HCL Technologies, and Tata Steel emerged as the top gainers.
On Monday, the BSE benchmark had settled higher by 443.46 points or 0.56 percent at an all-time peak of 79,476.19. The Nifty had climbed 131.35 points or 0.55 percent to close at a fresh lifetime high of 24,141.95.
In Asian markets, Tokyo, Shanghai, and Hong Kong closed in positive territory on Tuesday, while Seoul ended lower.
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