Indian equity shares retreated after hitting new record highs in early trade on emergence of fresh selling in FMCG, consumer durables, metal and banking sector stocks amid mixed Asian cues.
The BSE Sensex continued its record setting spree and hit a new peak of 29,844.16 and the NSE Nifty inched towards the 9,000-level in early trade today on robust fund inflows and sustained optimism over the upcoming Budget.
The 30-share index rose 162.39 points or 0.54 per cent to hit a new peak of 29,844.16 (intra-day), breaking its previous record of 29,786.32 touched on January 28.
In the previous ten sessions, the Sensex had recorded a massive rise of over 2,346 points or more than 8 per cent.
Stocks of realty, power, IT, capital goods, PSU and oil & gas sectors led the rise.
The gauge had touched an intra-day high of 8,985.05 in yesterday’s trade.
Emergence of fresh selling in FMCG, consumer durables, metal and banking stocks dampened the trading sentiment. Among them, FMCG index was down 0.56 per cent, followed by consumer durables 0.31 per cent, metal 0.25 per cent and banking 0.07 per cent.
Japan's Nikkei stock average rebounded about 1 per cent in early trade, a day after shedding 1.1 percent to mark its biggest one-day drop in two weeks.
The 30-share index rose 162.39 points or 0.54 per cent to hit a new peak of 29,844.16 (intra-day), breaking its previous record of 29,786.32 touched on January 28.
In the previous ten sessions, the Sensex had recorded a massive rise of over 2,346 points or more than 8 per cent.
Stocks of realty, power, IT, capital goods, PSU and oil & gas sectors led the rise.
The gauge had touched an intra-day high of 8,985.05 in yesterday’s trade.
Emergence of fresh selling in FMCG, consumer durables, metal and banking stocks dampened the trading sentiment. Among them, FMCG index was down 0.56 per cent, followed by consumer durables 0.31 per cent, metal 0.25 per cent and banking 0.07 per cent.
Japan's Nikkei stock average rebounded about 1 per cent in early trade, a day after shedding 1.1 percent to mark its biggest one-day drop in two weeks.
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