Sensex snaps 3-day rally to end in red as investors book profits
Shares that rallied on Monday turned into leading decliners on Tuesday. ICICI Bank fell 3.6 percent, while Larsen and Toubro lost 4.1 percent.<br /><br />
The BSE Sensex retreated on Tuesday from record highs hit in the previous session as a rally sparked by the strong showing by the key opposition party in state elections faded, with investors booking profits in blue chips such as ICICI Bank.
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Shares that rallied on Monday turned into leading decliners on Tuesday. ICICI Bank fell 3.6 percent, while Larsen and Toubro lost 4.1 percent.
In addition shares of electricity utilities dropped after the power regulator tightened certain rules for tariffs and operations for the sector in its draft 2014-19 guidelines. NTPC slumped 11.4 percent.
The Sensex provisionally fell 0.36 percent, retreating from its record high of 21,483.74. The broader Nifty ended lower 0.49 percent, retreating from an all-time high of 6,415.25 hit on Monday.
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