Markets snap winning streak as metal, bank stocks drag

Benchmark market indices ended lower after being dragged down by banking and metal stocks.

Indian shares snapped a seven-session winning streak on Tuesday, dragged down by metal and bank stocks, while the country's top cigarette maker ITC plunged 6% after the government decided to form a group for tobacco tax policy.

The NSE Nifty 50 index ended down 0.3% at 18,418.75, while the S&P BSE Sensex dropped 0.1% to 61,716.05. Earlier in the session, the NSE hit a record high of 18,604.45.