Nifty retreats from two-year closing highs; banks fall

Image
Reuters
Last Updated : Mar 07 2017 | 4:07 PM IST

REUTERS - Indian shares fell on Tuesday after hitting two-year closing highs in the previous session, as investors booked profits in recent outperformers ahead of state elections results, including that of the key state of Uttar Pradesh.

The Nifty closed down 0.18 percent at 8,946.90, after closing at its highest since March 2015 on Monday. The benchmark Sensex ended 0.17 percent lower at 28,999.56.

Financial stocks fell, led by Axis Bank Ltd and Yes Bank Ltd. Both dropped more than 1.5 percent each.

(Reporting By Darshana Sankararaman in Bengaluru; Editing by Subhranshu Sahu)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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 07 2017 | 3:54 PM IST

Next Story