reuters Market Eye - Nifty falls 0.4 percent, retreating further after hitting a record high at 6,562.85 earlier in the day, which had marked its third consecutive all-time high.
A fall, if sustained, would snap a five-day winning run in which the index gained 5 percent.
Profit-taking hits some of the recent outperformers: Reliance Industries Ltd is down 0.56 percent after surging 9.7 percent over the previous three sessions, while HDFC Bank Ltd loses 1.25 percent after jumping 9.8 percent over the same period.
Meanwhile, metal stocks continue to fall, with metal index falling 2.5 percent for the second consecutive day on rising fears of a slowdown in China. Tata Steel is down 4.04 percent while Hindalco Industries is down 3.69 percent.
(Reporting by Indulal PM)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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