Sensex and Nifty ended the day flat after reaching new all-time highs.

quity benchmark indices Sensex and Nifty reached new lifetime highs but closed flat due to profit-taking in select banking and telecom shares amid concerns over high valuations on Tuesday. The 30-share BSE Sensex fell by 34.74 points or 0.04 percent to end at 79,441.45 after a volatile trading session. During the day, it rose by 379.68 points or 0.47 percent to a record high of 79,855.87. Similarly, the Nifty dropped by 18.10 points or 0.07 percent to 24,123.85, having climbed 94.4 points or 0.39 percent earlier to reach an all-time high of 24,236.35.

In the Sensex pack, the biggest losers were Kotak Mahindra Bank, Bharti Airtel, IndusInd Bank, Tata Motors, ICICI Bank, Bajaj Finance, State Bank of India, and Titan. Conversely, Larsen & Toubro, Infosys, HDFC Bank, Tata Consultancy Services, HCL Technologies, and Tata Steel were the top gainers.

On Monday, the BSE benchmark rose by 443.46 points or 0.56 percent to a record high of 79,476.19, while the Nifty increased by 131.35 points or 0.55 percent to a new lifetime high of 24,141.95.

In Asian markets on Tuesday, Tokyo, Shanghai, and Hong Kong closed higher, while Seoul finished lower. European markets were trading down, while US markets closed in the green on Monday. India's gross GST collection rose by 8 percent to Rs 1.74 lakh crore in June, according to sources on Monday. The global oil benchmark Brent crude increased by 0.66 percent to USD 87.17 a barrel. Foreign Institutional Investors (FIIs) sold equities worth Rs 426.03 crore on Monday, as per exchange data.