Sensex retreats for second day after hitting life highs

BSE Sensex is trading 0.24 per cent lower

Update: 2014-04-04 11:30 GMT
Mumbai: BSE Sensex is trading 0.24 per cent lower, while the broader Nifty is down 0.23 on profit taking after a record-hitting rally. Investors took profit in most blue-chip stocks after shares hit their ninth consecutive record high on Thursday and on caution ahead of key US jobs data.
 
Shares of Oil and Natural Gas Corp was down by 1.4 per cent. Asian markets were settling for a subdued session on Friday as investors counted down the hours to the US jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet.
 
Overseas investors bought a net $119.11 million worth of shares on Thursday, bringing the total since February to nearly $3.5 billion.

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