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Sensex nearly flat after making record high

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Reuters

Reuters Market Eye - The BSE Sensex is nearly flat as investors book profits after the index rose as much as 0.6 percent to a record high of 21,293.88.

* The broader Nifty is up 0.07 percent, also retreating from a session high that brought it within sight of a record high set on January 8, 2008.

* ITC Ltd is down 2 percent on continued muted outlook on its sales volume growth after July-September earnings last week, analysts say.

* Titan Company Ltd shares fall 4.5 percent after the company said September-quarter net profit rose 4 percent to 1.87 billion rupees, missing some analysts' estimates.

 

* However, state-owned banks are heading towards a second consecutive session of gains on hopes of stabilising asset quality. State Bank of India Ltd is up 3.7 percent.

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First Published: Nov 01 2013 | 2:04 PM IST

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