Sensex retreats after hitting new high at 26,190
Mumbai: After hitting an all-time high of 26,190.81, the benchmark BSE Sensex retreated by falling over 69 points in mid-session trade today as funds and cautious investors locked in gains in recent outperformers.
The BSE 30-share Sensex after hitting a new record high of 26,190.81 in mid-session trade, surpassing previous peak of 26,190.44 reached on July 8, soon retreated to 26,077.70, showing a fall of 69.63 points, or 0.26 percent.
Similarly, the broad-based National Stock Exchange index Nifty lost 24.10 points, or 0.30 percent, to 7,771.65.
Shares of Cairn India tanked 6.15 percent after the company reported a 65 percent drop in net profit for the June quarter.
Wipro in two-way movement, was trading 0.04 percent higher ahead of quarterly earnings later in the day.
Among BSE-30 shares, Reliance Industries, ONGC, Axis Bank, Bajaj Auto, Bharti Airtel, Cipla, Dr Reddy, GAIL, Hero MotoCorp, Infosys, TCS, ICICI Bank, Tata Motors and Larsen and Toubro were major losers and dragged the Sensex down from record highs.
Globally Hong Kong's Hang Seng index was up 0.54 percent, while Japan's Nikkei shed 0.29 percent.