Nifty pulls back after breaching 25K barrier

Benchmark indices declined on Tuesday, reversing all the gains made in the previous session, as investors assessed the impact of the global trade climate on the world economy.

- SUNDAR SETHURAMAN & REUTERS

Profit-taking in heavyweight financial and information technology stocks weighed on market performance.

The Nifty 50 ended 0.7 per cent, or 175 points, lower at 24,826, while the Sensex fell 0.76 per cent, or 625 points, to close at 81,551.63.

The 50-stock index had risen about 1.6 per cent in the previous two sessions, driven by foreign inflows, easing tensions between the US and the European Union, and the Reserve Bank of India's support for the government. "We are likely seeing some profit-taking and liquidity divergence towards the primary market, as well as a couple of large promoter stake sales," said Sunny Agrawal, head of fundamental equity research at SBICAP Securities. Foreign portfolio investors (FPIs) were net buyers of ₹340 crore, while domestic institutions were net buyers worth ₹10,015 crore.