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Sensex off record highs, still up 76 points in late morning

Press Trust of India  |  Mumbai 

The benchmark retreated from record highs to trade up by 76.05 points on good bouts of buying in metal, industrial, capital goods, auto, energy, banks and financials amid higher Asian cues.

Profit booking in IT, and telecom counters pulled the index back from record high level.

The 30-share was trading higher by 76.05 points or 0.22 per cent at 34,579.54 at 1050 hrs. The broader also strading up by 22.45 points, or 0.21 per cent at 10,673.65.

The 30-share index had advanced 134.93 points, or 0.39 per cent, to hit all-time high of 34,638.42, while had soared to a record of 10,690.25 by gaining 39.05 points, or 0.36 per cent, in early trade.

Major gainers were 1.26 per cent, Maruti 1.25 per cent, 1.16 per cent, 0.69 per cent and 0.58 per cent.

Notable losers were 1.27 per cent, 0.82 per cent and 0.45 per cent.

Investors were cautious ahead of Q3 by to released later in the day after the country's largest IT firm posted a 3.9 per cent drop in profit and a 2.7 per cent increase in revenue for the October-December quarter.

Foreign portfolio investors (FPIs) sold shares worth Rs 623.63 crore on net basis while domestic institutional investors (DIIs) bought equities to the tune of Rs 770.02 crore yesterday, provisional data showed.

Asian markets trading higher after strong lead from Wall Street. reported trade data for December with exports moving up 10.9 per cent and imports rising 4.5 per cent.

US stocks surged to close the session at record highs yesterday as investors bet economic growth would pick up steam.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 11:50 IST