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BSE Sensex, Nifty Fall After Hitting Record High

BSE Sensex, Nifty Fall After Hitting Record High

The BSE Sensex fell 0.56 per cent while the Nifty was 0.61 per cent lower after hitting record highs for a fourth consecutive session.

Investors book profit in most of the outperformers such as Larsen & Toubro Ltd, which was down 1.3 per cent, and Oil and Natural Gas Corp, which fell 2.9 per cent.

Earlier in the day, the Sensex rose as much as 0.59 per cent to a record high of 25,735.87, surpassing the previous high of 25,711.11 hit on Tuesday.

The Nifty gained as much as 0.57 per cent to a fresh high of 7,700.05, surpassing its previous peak of 7,683.20.

Real estate stocks continued to fall with the BSE realty index declining 4.1 per cent. Shares of DLF Ltd fell 4.8 per cent while Unitech Ltd declined 6.6 per cent.

However, defensive stocks such as technology and pharmaceutical gained. Infosys Ltd rose 3.5 per cent while Dr Reddy's Laboratories was higher 0.96 per cent.

Copyright: Thomson Reuters 2014