Sensex off record-high; down 35 pts in morning trade
Mumbai, Nov 13 (PTI) The benchmark BSE Sensex wavered from its overnight closing record-high and was trading lower by 34.87 points due to profit-booking in most of the key sectors amid mixed Asian cues.
After opening higher on the back of positive economic data, hectic profit-booking at higher levels was witnessed in realty, oil & gas, auto, banking, FMCG, IT, tech and metal sectors.
Mid-cap shares traded slightly higher while small-cap stocks incurred losses.
The 30-share Sensex resumed higher at 28,048.56 and climbed to a peak of 28,098.74 before quoting 27,974.03 at 1010 hours.
It showed a loss of 34.87 points, or 0.12 per cent, over its previous close.
The CNX 50-share Nifty was also trading lower by 25.35 points, or 0.30 per cent, to 8,357.95 at 1010 hours.
Major losers were – Bharti Airtel (1.46 per cent), Dr Reddy (1.17 per cent), HDFC (1.01 per cent), GAIL (1.76 per cent), SBIN (0.73 per cent) and TCS (0.72 per cent).
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 459.47 crore yesterday, according to provisional data from the stock exchanges.
Asian markets were trading mixed following lack of strong cues from Wall Street and ahead of key economic data from China.
Key indices in Hong Kong, Japan, Taiwan, and Singapore were up 0.01-0.69 per cent, while China, Indonesia, and South Korea indices were trading lower by 0.24-0.46 per cent. PTI PAK ARS