Nifty falls 0.4 pct, retreats from record high

Image
Reuters MUMBAI
Last Updated : Mar 11 2014 | 3:57 PM IST

MUMBAI (Reuters) - The Nifty provisionally fell, retreating from a record high hit earlier in the day, as investors booked profits in some recent outperformers such as Reliance Industries ahead of key inflation data.

Reliance Industries Ltd provisionally fell 1.3 percent after surging 9.7 percent over the previous three sessions, while HDFC Bank Ltd lost 0.97 percent after jumping 9.8 percent over the same period.

Nifty provisionally fell 0.4 percent to end at 6,511.90, below a record high of 6,562.85 hit earlier in the day and snapping a five-day winning streak.

BSE Sensex fell 0.4 percent to end at 21,845.18, although the index did not hit a record high on Tuesday.

(Reporting by Indulal PM; Editing by Anupama Dwivedi)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 11 2014 | 3:47 PM IST

Next Story