The Indian markets touched new record highs, however, gave up the fresh levels with both the benchmark indices ending with minor gains on Tuesday. The market breadth slips in favour of declines today, with an advance-decline ratio at 1:6. 

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The BSE Sensex ended at a record close high of 54,555, up 130 points or 0.24 per cent, led by gains in private lenders, IT, and Bharti Airtel. While Nifty50 closed flat at 16,280, up 22 points or 0.13 per cent.  

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In the broader market space, both the MidCap and SmallCap indices ended in the red, with the former dipping by over 1 per cent and the latter by over 2 per cent at the close today. 

Another important index, Nifty Bank, ended flat but negative by 5.15 points or 0.01 per cent to 36,034 levels. Kotak Bank and Axis Bank lead the Index.  

Out of 50 scrips on Nifty50, 20 advanced, 29 declined and one remained unchanged at the close. The telecom major — Bharti Airtel surged most by around 4 per cent, followed by Tech Mahindra up near 3 per cent, HDFC grew by around 2 per cent and Kotak Bank gained over 1.5 per cent at the close today. 

On the contrary, Shree Cement slumped most by over 4 per cent, a day after Q1 earnings, followed by metal stocks such as Tata Steel down 3.5 per cent, JSW Steel slips by around 3 per cent, Hindalco and Power Grid each declined by over 2 per cent at market close on Tuesday. 

Except for Nifty IT, Financial Services and Bank ended positive at the market close today, while rest all the sectoral indices tumbled. Nifty Metal tried to drag the market most by near 3 per cent followed by Nifty Media and PSU Bank over 2 per cent lower. While Nifty IT gained around 1 per cent at close.