Benchmark indices off record highs ahead of Q2 GDP numbers

Mumbai: Benchmark indices Sensex and Nifty on Friday retreated from record highs as investors scrambled to book profits in recent high-flying stocks amid fears that India's second quarter GDP numbers may slip further. The 30-share BSE gauge plummeted 336.36 points or 0.82 per cent to close at 40,793.81.

Likewise, the broader NSE Nifty also settled 95.10 points or 0.78 per cent down at 12,056.05.On a weekly basis, the Sensex advanced 434.40 points or 1.07 per cent; while the Nifty rose 141.65 points or 1.18 per cent. Investor sentiment during the week was mainly driven by positive news about US-China trade talks progress and continuation of measures by the government to boost consumer demand and economic growth.