Nifty ends at new closing high; Reliance, Wipro fall 3 per cent

Mumbai: The market consolidates with the Nifty closing at record high of 6589.75, up 6.25 points.

The Nifty had hit fresh intraday high of 6595.5, while Sensex too hit fresh intraday high of 22,080 in trade on Tuesday.

The Sensex ended flat, down 0.27 points at 22055.21 BHEL, Hero MotoCorp, HUL, Larsen and Maruti Suzuki were top gainers in the Sensex.

Oil and gas stocks remained under pressure as Election Commission asked Oil Ministry to defer gas price hike which was meant to be effective from April 1.

Losing 3 per cent, Reliance dragged Nifty by almost 14 points. Wipro also fell 3 per cent as rupee touched 8-month high.

Sesa Sterlite, M&M and Dr Reddy's Labs were other losers in the Sensex.