As investors book profits, Sensex slips from life high

Benchmark Sensex slipped from life highs to end marginally lower at 31,145.80 on Wednesday as investors booked profits after four straight record-setting sessions. The broader Nifty also settled 3.30 points, or 0.03% lower at 9,621.25.

Participants were on a wait-and-watch mode ahead of the GDP numbers for the January-March quarter. The Sensex, which had gained 857.76 points in the previous four sessions, moved in a narrow 148-point band on Wednesday and closed at 31,145.80, down 13.60 points or 0.04%.

Intra-day, it scaled 31,255.28 to breach its previous all-time intra-day high of 31,220.38 hit on Tuesday. The 50-share Nifty remained in the positive terrain for the major part of the session and scaled a new peak of 9,649.60, breaking its previous record of 9,637.75 hit on May 29. However, it succumbed to profit-booking towards the close and settled 3.30 points, or 0.03% lower at 9,621.25.