Indian shares see profit booking near record highs; metals drag
India's equity benchmarks Nifty .NSEI and Sensex .BSESN, trading near record high levels, decline 0.3% each on broad-based profit booking
Other Asian stocks .MIAPJ0000PUS dip 2.3% after U.S. jobs data showed acceleration in jobs growth in September, dampening hopes of a December Federal Reserve rate cut MKTS/GLOB
Fifteen of 16 major sectors log losses
Metals .NIFTYMET drop 1.5%, dragged by Hindalco HALC.NS after a fire at its' unit Novelis' aluminium plant in New York MET/L
Other metal stocks also fall after government extends exemption from mandatory quality control orders for select steel grades
Extension is negative for domestic steel makers, as it keeps import channels open for certain grades, putting pressure on domestic steel prices, says ICICI Direct
Broader small-caps .NIFSCMP100 and mid-caps .NIFMDCP100 fall about 0.8% each
Analysts still expect India's blue-chips to hit record high levels in the next few sessions after temporary profit-booking, due to improving earnings outlook and stable flows
Bucking the trend, Mahindra & Mahindra MAHM.NS rises 1.3% after unveiling ambitious growth targets
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