Shares slip for 3rd day as profit-booking persists

THE EQUITY BENCHMARKS fell for a third straight session on Tuesday as investors continued to book profits near record highs on a day that saw the monthly derivatives expiry.

- BHARATH RAJESWARAN

The Nifty 50 fell 0.29% to 25,884.8 points, while the Sensex was down 0.37% to 84,587.01, taking both to about 1.6% off record highs touched in September 2024.

"Earlier attempts by the Nifty to surpass the September 2024 peak had stalled due to the absence of a US-India trade deal and now profit-taking has set in, also driven by persistent foreign selling," said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services.