The stock market on Monday returned to breaking records after a gap of nearly five months, but failed to keep most of the day’s gains after investors booked profit in a number of blue-chips.
Riding high on strong buying in auto, engineering and pharma stocks, the Bombay Stock Exchange’s benchmark index, Sensex scaled a new intra-day peak of 14,745.97 points as well as a record closing high of 14,664.26 points. However, the 30-share barometer settled just 13.75 points up against previous close of 14,650.51, after paring most of the intra-day gain of about 100 points. But it surpassed previous closing peak of 14,652.09 scaled on February 8.
Earlier in the session, the Sensex’s new intra-day peak broke the previous record of 14,723.88 on February 9. It took 95 sessions for the Sensex to reach the new peak.
The 50-share Nifty index of National Stock Exchange, however, closed in the negative territory with a loss of 4.55 points at 4,313.75 points. Nifty rose to an intra-day high of 4,346.75, but missed its all-time peak of 4,362.95 scaled on June 4. Market observers expect mixed trends ahead for the market in the coming days, while terming second-quarter earnings results as the major driver.