Stock markets take breather after record-breaking run on selling in IT, oil shares

Mumbai, Sep 03: Snapping its record-breaking rally, benchmark BSE Sensex closed marginally down on Tuesday due to profit-taking in metal, oil and IT shares amid weak global trends.

Halting its 10-day winning run, the 30-share BSE Sensex slipped 4.40 points or 0.01 per cent to settle at 82,555.44 in a range-bound trade. During the day, it dropped 159.08 points or 0.19 per cent to 82,400.76.

Broader 50-issue Nifty of NSE eked out gains of 1.15 points to close at a fresh peak of 25,279.85, taking its gaining streak to a record 14 days.

In the 10-day rally, Sensex spurted 2,135 points or 2.61 per cent. Nifty has surged nearly 1,141 points or 4.59 per cent in 14 straight days.

Among the 30 Sensex firms, Bajaj Finance, Infosys, Adani Ports, JSW Steel, HCL Tech, Bharti Airtel, IndusInd Bank and Tata Motors were the biggest laggards.

ICICI Bank, Bajaj Finserv, Titan, Nestle and HDFC Bank were among the gainers.