Stock markets snap 4-day rally amid profit booking; Trent tumbles over 12%
India, July 8 -- Benchmark stock indices Sensex and Nifty closed lower on Tuesday due to last-minute profit-taking after a four-day rally and weak Asian trends.
Paring its early gains, the 30-share BSE Sensex declined by 104.35 points, or 0.13 per cent, to close at 78,180.72. During the day, it climbed 379.85 points, or 0.48 per cent, to 78,664.92.
The 50-share NSE Nifty dipped 31.65 points, or 0.13 per cent, to end at 24,398.70. Sensex and Nifty had rallied more than 2 per cent in the last four sessions to hit more than two-month high levels on Monday.
Among Sensex shares, Trent emerged as the top loser, tumbling 12.42 per cent after its June quarter revenue growth missed market expectations.
Adani Ports, Bharat Electronics, Larsen &...
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