Sensex, Nifty end slightly lower as global inflation outweighs optimism

The blue-chip NSE Nifty 50 index closed down 0.07% at 15,740.10, while the benchmark S&P BSE Sensex settled 0.1% lower at 52,275.57.

Indian shares ended a tick lower on Tuesday as concerns around rising global inflation and high valuations in the domestic market outweighed optimism around the country's declining COVID-19 cases. The blue-chip NSE Nifty 50 index closed down 0.07% at 15,740.10, while the benchmark S&P BSE Sensex settled 0.1% lower at 52,275.57. Both indexes had scaled record peaks on Monday as some Indian states eased lockdowns and daily COVID-19 cases hit a two-month low.