Nifty retreats from record high

MUMBAI, Aug 20 (Reuters): The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp.

The falls ended a six-day rally, the longest winning streak since an eight-session run in mid-July.

Falls also tracked lower global stocks ahead of minutes from the US Federal Reserve's July policy meeting and the Jackson Hole gathering of central bankers later in the week. A rebound in Brent crude oil from 14-month lows also led to paring of some positions.