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Nifty retreats from record high on global shares

Reliance Industries fell by 2.6 % and ONGC ended lower by 3.7 %

Mumbai: The Nifty 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.

Oil explorers led the fall. Reliance Industries provisionally fell 2.6 per cent while Oil and Natural Gas Corp ended lower 3.7 per cent.

The broader Nifty provisionally closed down 0.4 per cent after earlier hitting its record high of 8,623. The benchmark BSE Sensex ended 0.47 per cent lower.

( Source : reuters )
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