Sensex tops 39,000 intra-day, but fails to hold on to gains

Sensex slips after scaling new high

The benchmark Sensex on Monday touched a new lifetime high on intra-day basis amid a rally in global markets after encouraging manufacturing data from China eased worries about global economic slowdown.

The 30-share blue chip index climbed as much as 443 points in intra-day trade to 39,116, surpassing its previous intra-day high of 38,989 on August 29, 2018. The index, however, failed to sustain the gains due to profit-taking, following last month’s 8 per cent jump. Sensex ended at 38,872, up 199 points, or 0.51 per cent. Its previous all-time high on closing basis was 38,897 on August 28, 2018. Meanwhile,