Indian sensex retreats from record highs on profit-taking

Posted June 24, 2017

The Bombay Stock Exchange Sensex on Thursday closed 7.10 points higher at 31,290.74 points after hitting an all-time high of 31,522.63 in the morning session. It finally ended 152.53 points, or 0.49 per cent lower at 31,138.21.

Market struggled to capitalise on a higher opening on Friday as the Sensex dropped 68 points, with participants keen to scoop up profit amid mixed Asian leads.

Markets will remain closed on Monday on account of "Id-ul-Fitr" (Ramzan Id). The broader NSE Nifty moved between 9,647.65 and 9,565.30, before ending 55.05 points, or 0.57% down at 9,574.95.

The Sensex touched a high of 31,365.39 and a low of 31,110.39 points during intra-day trade.

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The Nifty Auto index fell as much as 1.3 percent.

The gauge had lost 27.93 points in the previous two sessions.

Top gainers on Friday included Sun Pharma, Power Grid Corp, Wipro, Vedanta, ICICI Bank, Aurobindo Pharma, Dr Reddys Labs and Cipla while key losers included Tata Motors, Hero Motocorp, Bank of Baroda, SBI, ONGC, Bosch and BHEL.

Shares of Fortis Healthcare crashed about 13 per cent after Malaysia's healthcare services provider IHH Healthcare Berhad on Thursday (22 June) said it is not close to "concluding any negotiations" to buy controlling stake in Fortis Healthcare. BSE Mid-cap index closed lower by 1.21% at 14,583.