Sensex makes a retreat from record after rally fatigue

TIL Desk/Business/Mumbai/ Stocks showed signs of fatigue today after two back-to-back record-setting sessions as the benchmark Sensex struggled to maintain its momentum, with investors shifting focus to taking profit. Weak Asian cues weighed, too.

The 30-share index after hitting a fresh lifetime high (intra-day) of 30,620.72 at the outset slipped to 30,524.86, down 57.74 points, or 0.18 per cent. It breached previous intra-day record of 30,591.55. The gauge had gained 394.45 points in the previous two sessions. BSE indices led by FMCG, capital goods, healthcare, banking and PSU declined.

After scaling a new life high of 9,521 (intra-day), The Nifty turned lower by 22.55 points, or 0.23 per cent, at 9,489.70. It broke the previous intra-day record high of 9,517.20 hit yesterday. Traders said emergence of selling by participants at record levels and weak Asian cues dampened sentiment here.