Sensex off day’s high, Nifty hovers around 9650 post record highs

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Equity benchmarks were off day’s high in morning trade after hitting record highs in opening.

The 30-share BSE Sensex was up 96.97 points at 31,234.56 and the 50-share NSE Nifty rose 28.15 points to 9,644.25.

The broader markets also came off day’s high, up 0.4 percent on positive breadth. About two shares advanced for every share falling on the BSE.

Bharti Airtel was biggest gainer among Sensex stocks, up 3 percent after the telecom operator received approval from SEBI & stock exchanges for merger with Telenor India. The company filed application with National Company Law Tribunal for nod to scheme of merger.

Tata Motors, HDFC, Adani Ports, ITC and TCS were other top contributors to Sensex’ gains whereas ICICI Bank remained under pressure, down nearly a percent.

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