Indian shares retreat from record highs, financials drag
NSE index down 1.01%, BSE index 0.97% lower
Tata Motors closes 7% lower
May 21 (Reuters) - Indian shares pulled back from record highs to close 1% lower on Tuesday, as investors booked profits following a three-session rally.
The benchmark BSE index .BSESN closed down 0.97% at 38,969.8, while the broader NSE index .NSEI ended 1.01% lower at 11,709.1.
Both the indexes had gained over 6% in the three sessions to Monday.
Financial and auto stocks were the top losers on both the indexes.
Tata Motors Ltd TAMO.NS closed down 7%, while State Bank of India SBI.NS settled 2% lower.
Jet Airways Ltd JET.NS ended 15% higher after Hinduja Group said it was evaluating a possible bid for the cash-strapped airline.
For midday report see
(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)
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