BENGALURU, Sept 7 (Reuters) - Indian shares slipped on Tuesday after hitting record highs for three straight sessions, with investors locking in gains in recent winners, including technology and real estate stocks. The blue-chip NSE Nifty 50 index was down 0.24% at 17,338.15 by 0520 GMT and the benchmark S&P BSE Sensex fell 0.2% to 58,180.13. A recent surge in both the indexes have pushed its monthly gain to more than 1% so far in September. “Sentiment remains bullish but we may see a few days of choppy trading in the market due to the run-up that has happened,” Samrat Dasgupta, CEO of Esquire Capital Investment Advisors, said, adding that he does not anticipate a deep correction. A market awash with liquidity, optimism from India’s vaccination progress, and signs of businesses returning pre-pandemic levels have helped the Nifty 50 hit all-time highs 14 times and the Sensex 12 times in the last one month. On Tuesday, however, the Nifty Realty Index declined the most among major sub-indexes with its fall of over 2%, snapping eight sessions of gains. Real estate firm Prestige Estates Projects, which had added more than 10% in the last two sessions, dropped 4.4%. The Nifty IT index, down 0.68%, marked its first fall after three sessions of increases. IT firms Wipro Ltd and Infosys Ltd were among the top losers on the Nifty 50, shedding around 1% each Meanwhile, total vehicle retails for August rose 14.48% from a year ago, data from the Federation of Automobile Dealers Associations showed. However, the Nifty auto index slipped 0.47%. Among gainers, VST Tillers Tractors surged 9% after the farm equipment maker said it launched a range of tractors and power tillers in Southern African markets. Reporting by Rama Venkat in Bengaluru, additional reporting by Gaurav Dogra; editing by Uttaresh.V Our Standards: The Thomson Reuters Trust Principles.
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