N Korean leader Kim Jong-Un waves from a balcony. Ranks of goose-stepping soldiers followed by tanks paraded in Pyongyang with tensions mounting over his nuclear ambitions. Pic/AFP

Nifty and Bank Nifty made new highs, but profit booking trimmed both indices and closed lower on Thursday. Investors took a cautious stand because of the long weekend and heightened geo-political tensions. Foreign investors turned out as net sellers in domestic markets and in equity markets, domestic institutional investor's supports were also nominal this time.