Sensex Falls 1,314 Points From Day's High, Nifty Ends Near 11,650

The S&P BSE Sensex & Nifty 50 Indexes retreated from record highs hit earlier in the day despite the ruling Bharatiya Janata Party-led National Democratic Alliance (NDA) winning a clear majority in the recently-concluded general elections. Analysts told NDTV that the investors booked profits at high levels as BJP's victory in the elections was factored in and shifted focus to global cues as concerns grew that the China-US trade conflict was fast turning into a technology cold war between the world's two largest economies.