Sensex Slips From Peak, Nifty Ends Below 8400 On Profit-Taking


MUMBAI: The benchmark Sensex logged new lifetime high of 28,294.01 but retreated after a late fall gripped stocks to end 130 points down at 28,032.85, amid profit-taking in bluechips from metal, power and oil&gas space.        

The BSE 30-share barometer, after hitting the new peak in the opening trade, succumbed to profit-booking and selling by foreign funds at record levels. At one point, it slipped below the 28,000-mark to touch the day's low of 27,963.51.           

The gauge settled 130.44 points, or 0.46 per cent, lower at 28,032.85. Yesterday, it had touched intra-day high of 28,282.85 but had ended with a loss of 14.59 points.           

Major losers that pulled down Sensex and Nifty from record highs included Tata Steel, Sesa Sterlite, GAIL, BHEL, Tata Motors, NTPC, Sun Pharma, ONGC, CIL, RIL and SBI.

Similarly, the NSE 50-scrip index Nifty after scaling a new peak of 8,455.65 at the outset, beating previous record of 8,454.50 touched yesterday, fell. It ended below the 8,400-mark to close with a loss of 43.60 points, or 0.52 per cent, at 8,382.30. Intra-day, it had touched a low of 8360.50.    

Traders said besides profit-booking, a mixed trend in global markets ahead of the release of minutes of Federal Reserve policy meeting, led to the fall in Indian shares.  

Source: PTI