NSE Nifty runs out of steam after scaling mount 7,700

Mumbai, Jun 11 The benchmark index Nifty scaled a new landmark of 7,700 in early trade but soon lost momentum and ended in the red on profit booking on the NSE today as bulls paused for breath after a four-session rally ahead of release of industrial output and inflation data.

The 50-share Nifty lost 29.55 points, or 0.39 per cent, to end at 7,626.85 on the National Stock Exchange (NSE), which again witnessed high amount of volatility.