The benchmark S&P BSE Sensex snapped its four-day winning spree, slipping over 76 points to 27,789.40 in late morning trade after hitting all-time high of 27,969.82 due to mild selling pressure in auto and consumer durable sectors.
The Sensex resumed higher at 27,943.04 and firmed up further to an all-time high of 27,969.82 on initial strong buying in view of good foreign capital inflows.
However, it declined afterwards to 27,789.40 at 1100 hours, showing a loss of 76.43 points, or 0.27 per cent, from its last weekend’s level.
The CNX 50-share Nifty also moved down by 24.50 points, or 0.29 per cent, to 8,297.70 at 1100 hours.
Major losers were Hero Motocorp (2.34 per cent), M&M (2.09 per cent), Gail India (2.01 per cent), Bajaj Auto (1.59 per cent) BHEL (1.29 per cent) and Maruti Suzuki (1.26 per cent).
Trading will be truncated this week as the stock market will remain closed tomorrow, November 4, on account of Muharram Also, there will be no trading on Thursday on account of Gurunanak Jayanti.
Meanwhile, the provisional data released by the stock exchanges showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 1,754.73 crore on last Friday.
Asian stocks were trading mixed in the early trade. Key benchmark indices in China, Singapore and Taiwan rose 0.4-0.47 per cent while indices in Hong Kong and South Korea fell by 0.23-0.55 per cent. Stock market in Japan was closed for a holiday.
US stocks jumped last Friday, sending benchmark indexes to records, as an unexpected boost in stimulus from Bank of Japan spurred optimism in the global economy.
