Nifty creates history, crosses 10K briefly

Mumbai, July 25

The NSE Nifty on Tuesday breached the 10,000 level for the first time, but then slipped back down to close the day's trade at 9,964.55 points as as investors booked profits in IT, pharma, auto and oil and gas stocks after a strong rally fuelled by rate cut hopes and better financial results. 

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The Benchmark BSE Sensex that climbed to fresh lifetime high of 32,374.30 in early trade but closed down by 17.60 points at 32,228.27.

Nifty reached all-time high of 10,011.30 points in the early trade.

Reliance Industries, FMCG giant ITC, Tata Motors and pharma major Lupin fell up to 1.96 per cent, dragging the Sensex down from record levels.

Gains of up to 1.94 per cent in Axis Bank, Bharti Airtel and TCS limited the loss. PTI