Sensex, Nifty decline after hitting fresh record high levels in opening trade

New Delhi: Equity benchmark indices hit their new record high levels in early trade on Friday but failed to hold on to the gains and were later trading lower tracking weak trends from global markets.

The 30-share BSE Sensex hit its new all-time high of 81,587.76 in the initial trade but failed to carry forward the winning momentum and declined 166.93 points to 81,176.53.

The NSE Nifty also dropped 73.1 points to 24,727.75 after hitting its fresh record peak of 24,854.80 during the opening bell.

Among the Sensex pack, Tech Mahindra, UltraTech Cement, Tata Steel, JSW Steel, Sun Pharma and Power Grid were the biggest laggards.

Infosys climbed nearly 3 percent after the IT major reported a 7 percent rise in consolidated net profit at Rs 6,368 crore in the April-June quarter and raised its growth outlook for the current financial year, signalling an improvement in the IT segment.

Asian Paints, ITC, Nestle and Adani Ports were the other gainers.

Global oil benchmark Brent crude declined 0.41 percent to USD 84.76 a barrel.

The BSE benchmark Sensex jumped 626.91 points or 0.78 percent to settle at a fresh closing high of 81,343.46 on Thursday.

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