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Sensex, Nifty retreat from record highs

Benchmark stock indices Sensex and Nifty hit fresh lifetime intra-day highs before closing lower on Wednesday due to profit booking in IT shares ahead of the keenly-awaited US Fed's decision on interest rates. The 30-share BSE Sensex dropped by 131.43...
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Benchmark stock indices Sensex and Nifty hit fresh lifetime intra-day highs before closing lower on Wednesday due to profit booking in IT shares ahead of the keenly-awaited US Fed's decision on interest rates.

The 30-share BSE Sensex dropped by 131.43 points or 0.16 per cent to settle at 82,948.23 in a volatile trade. The index opened lower but cut short losses in late morning trade, climbing 246.72 points or 0.29 per cent to scale a new all-time intra-day peak of 83,326.38.

The NSE Nifty declined by 41 points or 0.16 per cent to close at 25,377.55. During the day, it advanced 63.65 points or 0.25 per cent to hit a fresh intra-day lifetime high of 25,482.20.

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