Sensex, Nifty draw back from lifetime highs on profit taking

Benchmark stock indices Sensex and Nifty retracted from lifetime highs to settle lower on Friday due to profit-taking in frontline stocks HDFC Bank and ICICI Bank.

- PTI

The BSE Sensex declined 264.27 points or 0.31 per cent to settle at 85,571.85. During the day, it climbed 142.13 points or 0.16 per cent to reach a new record intra-day peak of 85,978.25 in morning session. However, losses in banking and FMCG shares dragged the index into negative territory in late afternoon trade.