Sensex off record highs, still up 76 points in late morning
The benchmark BSE Sensex retreated
from record highs to trade up by 76.05 points on good bouts of
buying in metal, industrial, capital goods, auto, energy,
banks and financials amid higher Asian cues.
Profit booking in IT, Teck and telecom counters pulled
the index back from record high level.
The 30-share Sensex was trading higher by 76.05 points
or 0.22 per cent at 34,579.54 at 1050 hrs. The broader Nifty
also strading up by 22.45 points, or 0.21 per cent at
The 30-share index had advanced 134.93 points, or 0.39
per cent, to hit all-time high of 34,638.42, while Nifty had
soared to a record of 10,690.25 by gaining 39.05 points, or
0.36 per cent, in early trade.
Major gainers were ICICI Bank 1.26 per cent, Maruti
1.25 per cent, Reliance 1.16 per cent, L&T 0.69 per cent and
HDFC 0.58 per cent.
Notable losers were TCS 1.27 per cent, Bharti Airtel 0.82
per cent and Wipro 0.45 per cent.
Investors were cautious ahead of Q3 results by Infosys to
released later in the day after the country's largest IT firm
TCS posted a 3.9 per cent drop in profit and a 2.7 per cent
increase in revenue for the October-December quarter.
Foreign portfolio investors (FPIs) sold shares worth Rs
623.63 crore on net basis while domestic institutional
investors (DIIs) bought equities to the tune of Rs 770.02
crore yesterday, provisional data showed.
Asian markets trading higher after strong lead from Wall
Street. China reported trade data for December with exports
moving up 10.9 per cent and imports rising 4.5 per cent.
US stocks surged to close the session at record highs
yesterday as investors bet economic growth would pick up
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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