Key benchmark indices retreated from a record high on Monday as blue chips fell on risk aversion in global markets after gold and oil tumbled, while caution also prevailed a day ahead of the Reserve Bank of India's policy review. Plunging prices for commodities, hit by slowing factory activity in China and Europe, raised fears of deflation and hammered emerging market stocks and commodity-linked currencies. Nifty closed down 0.38 percent at 8,555.90, after earlier hitting a record high of 8,623.
The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 18 advances to 31 declines.
The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 18 advances to 31 declines.
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