Sensex, Nifty pare gains after hitting fresh intraday highs

The benchmark Sensex and Nifty have been scaling fresh records during intraday trade, but have failed to hold on to those levels. Market experts have cautioned against reading too much into it, suggesting that the trend indicates profit-booking in large-caps, which will continue to drive the headline indices.

- Dipti Sharma [e-mail]

On Thursday, the Nifty 50 scaled an all-time high of 26,310.45 and Sensex hit a peak of 86,055.86 during intra-day trading, but both the benchmarks have fallen off these levels. Nifty 50 closed flat at 26,215.55 points and S&P Sensex settled 0.1% higher at 85,720.38 points.

The record closing highs for Nifty and Sensex stand at 26,216.05 and 85836.12, respectively.