Sensex slips from lifetime high on profit booking

Equity benchmark Sensex retreated from its lifetime high to close 135 points lower Thursday as investors booked profits at higher levels amid weak global cues.

After rising to an intra-day record of 39,487.45 points, the 30-share index turned negative to settle 135.36 points, or 0.34 per cent, lower at 39,140.28. The broader NSE Nifty slipped 34.35 points, or 0.29 per cent, to 11,752.80.

The benchmark indices had closed at record highs on Tuesday on earnings optimism and forecast of a near-normal monsoon. Markets were closed Wednesday for Mahavir Jayanti.