MUMBAI, Nov. 5 -- INDIAN equities halted their seven-session rising streak on Tuesday, with the benchmark Sensex skidding from its record closing high as participants took this opportunity to book profits in recent high-flying stocks.

The BSE gauge Sensex settled 53.73 points, or 0.13 per cent, lower at 40,248.23.

Starting off positively, the 30-share BSE index went on to hit a high of 40,466.55 before slipping to a day's low of 40,053.55.

The broader NSE Nifty too slipped 24.10 points, or 0.20 per cent, to close at 11,917.20.

Thus, both indices snapped their seven straight sessions of rise, the longest stretch of gains in over seven months. The domestic market rally was mainly attributed to encouraging quarterly earnings, sustained for...