Sensex, Nifty fail to hold life highs; ticked higher at close
Mumbai: Benchmarks Sensex and Nifty on Thursday eked out gains but retreated from record highs touched in early trade as optimism over US-China trade deal short-lived after investors weighed macroeconomic issues like higher bank NPAs and a spike in retail inflation.
Starting off on a bullish note, the 30-share BSE Sensex went on to hit its life-time high of 42,059.45 in early deals. It, however, briefly moved into the negative territory before staging a recovery. The index finally settled at 41,932.56, up 59.83 points, or 0.14 per cent.
Likewise, the broader NSE Nifty also touched its all-time intraday high of 12,389.05 in early trade. It, however, closed at 12,355.50, showing a gain of 12.20 points, or 0.10 per cent.
Nestle India was the top gainer in the Sensex pack, rising 3.23 per cent, followed by Kotak Bank, HUL, Bharti Airtel, RIL, TCS, PowerGrid and Titan.
On the other hand, NTPC, Hero MotoCorp, Tata Steel, Tech Mahindra and Axis Bank finished in the red.
Of the 30 Sensex constituents, 12 closed in the green and 18 in the red.