Mumbai: Equity benchmark indices fell after hitting their fresh record high in early trade on Wednesday, with Sensex falling over 900 points due to weak global market trends along with M&M and IT shares.
Profit-booking after the record-breaking rally also spoiled the game of the market.
The 30-share BSE Sensex rose 129.72 points to a new all-time high of 80,481.36 in early trade. But, the benchmark soon retreated and fell 915.88 points to 79,435.76 during late morning trade.
NSE Nifty also hit its new high of 24,461.05 in early deals but lost all gains and fell 291.4 points to 24,141.80.
Mahindra & Mahindra fell over 7 per cent in the Sensex pack. HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank and State Bank of India were the other big laggards.
Maruti, Power Grid, Titan and Adani Ports were among the winners.
In Asian markets, Shanghai and Hong Kong fell while Seoul and Tokyo traded higher.
On Tuesday, American markets closed on a mixed note.
Global oil benchmark Brent crude fell 0.67 percent to US$84.09 per barrel.
According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 314.46 crore on Tuesday.
On Tuesday, the BSE benchmark closed at a new closing peak of 80,351.64, up 391.26 points or 0.49 per cent. The NSE Nifty rose 112.65 points or 0.46 per cent to 24,433.20 - its record high.
Profit-booking after the record-breaking rally also spoiled the game of the market.
The 30-share BSE Sensex rose 129.72 points to a new all-time high of 80,481.36 in early trade. But, the benchmark soon retreated and fell 915.88 points to 79,435.76 during late morning trade.
NSE Nifty also hit its new high of 24,461.05 in early deals but lost all gains and fell 291.4 points to 24,141.80.
Mahindra & Mahindra fell over 7 per cent in the Sensex pack. HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank and State Bank of India were the other big laggards.
Maruti, Power Grid, Titan and Adani Ports were among the winners.
In Asian markets, Shanghai and Hong Kong fell while Seoul and Tokyo traded higher.
On Tuesday, American markets closed on a mixed note.
Global oil benchmark Brent crude fell 0.67 percent to US$84.09 per barrel.
According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 314.46 crore on Tuesday.
On Tuesday, the BSE benchmark closed at a new closing peak of 80,351.64, up 391.26 points or 0.49 per cent. The NSE Nifty rose 112.65 points or 0.46 per cent to 24,433.20 - its record high.
