Sensex, Nifty off day's high; Midcap underperforms; banks drag

Equity benchmarks were off day's high in morning as investors preferred some profit booking after indices hit record highs. Banks and infra stocks were under pressure while technology and FMCG stocks gained.

The 30-share BSE Sensex was up 84.02 points at 30,406.14 and the 50-share NSE Nifty rose 18.05 points to 9,463.45 while the BSE Midcap index was flat with negative bias.

Gold prices rose for a fourth day as the dollar eased on signs of slower economic activity in the United States that dented expectations of an aggressive string of interest rate hikes by the US Federal Reserve.

Buzzing: Shares of Skipper touched 52-week high of Rs 214, gains 9 percent intraday on new orders worth Rs 500 crore and strong fourth quarter results.

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