Taking Stock: Profit booking at higher levels! Crucial support placed at 8800

Indian market which started on a positive note witnessed profit booking at higher levels on Tuesday. The S&P BSE Sensex slipped more than 500 points from its intraday high while Nifty50 closed below 8900 levels.
 
 Let’s look at the final tally on D-Street – the S&P BSE Sensex was up 167 points at 30,196 while the Nifty50 rose 55 points to 8879.