Profit booking in RIL weighs on indices; Sensex ends 802 points lower

Profit booking in index heavyweight Reliance Industries (RIL) and a sharp decline in financial stocks pulled down the indices on Tuesday, a day after posting the best gains in eight weeks.

The 30-share BSE Sensex ended the session at 71,140, declining 802 points, or 1.1 per cent, while the blue-chip Nifty 50 index fell 215 points, or 0.9 per cent, to end the session at 21,522.

Shares of RIL, the country’s most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline.