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Sensex, Nifty Snap Seven-day Rally

Indian shares reached fresh record highs on Tuesday before giving up all gains to end in the red on the back of mixed global cues.

The benchmark 30-share BSE Sensex hit a record high of 62,245 in intraday trade before reversing direction to end the session down 49.54 points, or 0.08 percent, at 61,716.05.

The broader NSE Nifty index rose above 18,600 for the first time before closing down 58.30 points, or 0.32 percent at 18,418.75, snapping a seven-day winning streak.

ITC slumped as much as 6.3 percent on news of the government forming a committee to finalize tobacco policy.

Hindustan Unilever lost 3.6 percent as the FMCG major reported an 8.9 percent year-on-year growth in standalone profit for the quarter ended September.

Titan Company, Eicher Motors and Tata Motors gave up 4-5 percent while Infosys, Larsen & Toubro and Tech Mahindra climbed 2-4 percent.

IRCTC shares hit a new high above Rs 6,000 per share before closing 15 percent lower at Rs 4.996.

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