Stock indices retreat from record levels on profit booking
Market benchmark BSE Sensex retreated from its record high level to close down by around 68 points on Tuesday mainly due to profit booking in telecom, IT and auto stocks amid growth concerns and evolving political drama in Maharashtra. The 30-share index touched its all-time intra-day high of 41,120.28 before closing down by 67.93 points or 0.17 per cent at 40,821.30. The broader Nifty of the National Stock Exchange also soared to a new peak of 12,132.45 in day trade before giving up gains to end lower by 36.05 points…
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