Despite surging to a new life time high of 22,853.03, the benchmark Sensex failed to retain the gains and ended Tuesday's session at 22,758.37, with a loss of 6.46 points. Sensex rose to its new record high during early trade but ended the day flat due to profit-booking, particularly in information technology (IT), metal and automobile stocks.
As per experts, fresh buying in capital goods and oil & gas shares helped in restricting the fall in Sensex. The broader index Nifty also ended the volatile session at 6,815.35 after falling marginally by 2.30 points. Nifty also had made a new all-time high of 6,838 during the first half of the session.
The rupee also declined by 17 paise to close the day at nearly one-month low of Rs 60.76 per dollar due to sustained demand for the US currency from importers amid some weakness in local stocks. Domestic currency closed at its lowest level since March 24.
As per forex experts, rupee slid due to the heavy demand of dollar from importers including oil companies. The further added that Nationalised banks were also buying dollars adding more pressure on the domestic currency. Meanwhile on Sensex, Off the 30 stocks comprising the index, 12 advanced while 18 declined.