Nifty continues retreat from record high

The Nifty edged lower for a consecutive session on Tuesday, as firms including Jindal Steel and Power extended their slump after a Supreme Court ruling on coal allocation, while lenders fell due to concerns over their loan exposure.

The broader Nifty fell 0.02 per cent, or 1.55 points, to end at 7,904.75, retreating further from a record high of 7,968.25 hit on Monday. Still, the Nifty managed to close above the psychologically important 7,900 level. The benchmark BSE Sensex gained 0.02 per cent, or 5.79 points, to end at 26,442.81.