Markets pull back from record highs on profit-booking; log weekly gains
The Hindu
Tata Steel was the top laggard among the Sensex components.
Equity benchmarks surged to fresh lifetime peaks on Friday but finished with modest losses, snapping their three-session winning streak, as investors rotated out of RIL, metal and IT stocks at higher levels.
After gyrating 866 points during the day, the 30-share BSE Sensex settled 125.27 points or 0.21 % lower at 59,015.89. It had surged to a lifetime high of 59,737.32 in the morning session.
Similarly, the broader NSE Nifty slipped 44.35 points or 0.25 % to close at 17,585.15, after touching an intra-day record of 17,792.95.
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