Early on D-Street | Buy on dips as long as Nifty sustains above 11,919

The final tally on D-Street – the S&P BSE Sensex hit a record high of 41,120 before closing 67 points lower at 40,821 while the Nifty50 surged to a life high of 12,132 before closing 36 points lower at 12,037.

In terms of sectors, the action was seen in the Bankex, FMCG stocks while profit-taking was seen in the telecom, IT, capital goods, and auto stocks.

The broader markets underperformed as the S&P BSE Mid-cap index was down by 0.79 percent while the S&P BSE Smallcap index closed 0.38 percent down.

The Indian rupee on November 26 appreciated by 24 paise to close at 71.50 against the US dollar, buoyed by persistent foreign fund inflows and hopes about US-China trade logjam breakthrough.