Nifty retreats from record high


FE Team | Published: August 21, 2014 00:00:00 | Updated: November 30, 2026 06:01:00



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.

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