Sensex slips 336pts; Nifty Bank at new high; RIL falls 3%, TaMo DVR up 10%

Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns

Closing Bell:

A late recovery led by select financial shares helped the key benchmark indices recoup some of its losses, even as key index heavyweights - Reliance and IT shares languished lower.

The BSE benchmark index, opened with a near 300-point positive gap at 61,557, and soon touched a high of 61,621. Unabated selling pressure saw the BSE index slide to a low of 60,486 - down 1,135 points from the day's high. The Sensex, thereafter, recouped some of its losses and eventually settled with a loss of 337 points at 60,923.

The NSE Nifty from a