Sensex falls from record high on profit-booking, down 160 pts

The benchmark BSE index Sensex today retreated from record high by losing over 160 points in early trade as cautious investors booked profits in recent outperformers mainly power and PSU sector stocks.
The 30-share barometer, which had gained over 418.86 points in the past three sessions, shed 160.88 points, or 0.65 per cent, to 24,556. The gauge had closed at a new record high of 24,716.88 in yesterday's highly volatile trade.
On similar lines, the broad-based National Stock Exchange index Nifty fell by 22.35 points, or 0.30 per cent, to 7,336.70.
Brokers said profit-booking at record level by participants who had created positions, in the wake of the Narendra Modi-led NDA coming to power, snapped record-setting spree but narrowing current account deficit at 1.7 per cent of GDP in FY'14 from 4.7 per cent in FY'13 limited the losses.

They said a mixed trend on other Asian markets too influenced trading sentiment here.
In the Asian region, Hong Kong's Hang Seng index fell by 0.09 per cent, while Japan's Nikkei Index edged higher by 0.87 per cent. The US Dow Jones Industrial Average ended 0.38 per cent higher yesterday.