Retreating from record highs, the benchmark Bombay Stock Exchange (BSE) Sensex fell over 45 points in early trade on Tuesday with metal, consumer durables, banking and realty sector stocks leading the decline as participants locked in gains at current levels.
The Nifty was at 8,159.05 down 14 points or 0.18 per cent. It touched an intraday high of 8,164.15 and a low of 8153.65.
Shares in Indian tyre companies extend gains, adding to sharp spikes on Monday, on the back of weak natural rubber prices that are at multi-year lows.
Rubber prices continue to fall and are trading near 5-year lows. This will continue to support margins in the medium term, said an analyst with a local brokerage.
Shares in Apollo Tyres Ltd rise 3 percent, adding to their 8 percent gain on Monday, while JK Tyre and Industries surges 4.7 percent, extending a 17.8 percent rally from the previous session.
Ceat Ltd surged 8.4 percent, adding to a 20 percent surge on Monday.
Cipla rose after the company announced the commercial collaboration with UK-based S&D Pharma in the Czech Republic and Slovakia.
The market breadth indicating the overall health of the market was strong with over two gainers for every loser.
The Nifty was at 8,159.05 down 14 points or 0.18 per cent. It touched an intraday high of 8,164.15 and a low of 8153.65.
Shares in Indian tyre companies extend gains, adding to sharp spikes on Monday, on the back of weak natural rubber prices that are at multi-year lows.
Rubber prices continue to fall and are trading near 5-year lows. This will continue to support margins in the medium term, said an analyst with a local brokerage.
Shares in Apollo Tyres Ltd rise 3 percent, adding to their 8 percent gain on Monday, while JK Tyre and Industries surges 4.7 percent, extending a 17.8 percent rally from the previous session.
Ceat Ltd surged 8.4 percent, adding to a 20 percent surge on Monday.
Cipla rose after the company announced the commercial collaboration with UK-based S&D Pharma in the Czech Republic and Slovakia.
The market breadth indicating the overall health of the market was strong with over two gainers for every loser.
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