Mumbai : The benchmark Sensex retreated from a record and fell for the first time in four days weighed down by selling in power and oil shares as Prime Minister Narendra Modi allotted portfolios to his council of ministers. Mixed global cues with downward bias amid offloading of positions by foreign funds in view of monthly equity derivatives expiry also impacted the market, a broker said. The BSE 30-share barometer resumed slightly better, but fell back immediately and remained in negative for rest of the day to end at 24,549.51, a fall of 167.37 points or 0.68 per cent. In previous three days, it had gained 418.86 points, or 1.72 per cent, to end at record closing high of 24,716.88. “Possibly, profit booking coupled with disappointment over the appointment of key ministries could have led to market decline. All indices were in red except IT, Metals and Healthcare,” said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.
Gail India was the top loser from the Sensex pack with a fall of 7.56% even as net profit rose year-on-year.