Sensex retreats from record, tanks 360 pts

Giving up early gains, benchmark Sensex plummeted 360 points to close at 33,370.76 today on profit-booking and rising geopolitical concerns.

Intra-day, the 30-share index hit an all-time high of 33,865.95, breaching its previous record of 33,848.42 hit yesterday.

However, it succumbed to profit-booking and dropped to 33,341.82 in late afternoon deals on across-the-board sell- off. The index finally settled at 33,370.76 points, down by 360.43 points, or 1.07 per cent over its last close.

It had gained 157.97 points in the previous two sessions, closing at a record high of 33,731.19 yesterday.

The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.

It hit an intra-day high of 10,485.75, just shy of its record of 10,490.45 reached yesterday.