MUMBAI: Benchmark equity indices Sensex and Nifty closed flat on Wednesday after hitting new lifetime highs during the session due to emergence of profit-booking amid lack of immediate trigger.

In a volatile trade, profit-booking in consumer durables, capital goods and energy stocks negated strong gains in banking and financial stocks.

Gaining for the fifth consecutive session, the 30-share BSE Sensex closed at a new closing level of 77,337.59, up 36.45 points or 0.05 per cent. During the day, it rose 550.49 points or 0.71 percent to hit a new lifetime peak of 77,851.63.

NSE Nifty closed at 23,516, down 41.90 points or 0.18 per cent. Intra-day it rose 106.1 points or 0.45 percent to a new record of 23,664.

Among the 30 Sensex companies, Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, State Bank of India, Infosys, Wipro, Tech Mahindra and HCL Technologies were among the gainers.

On the other hand, Titan, Maruti, Bharti Airtel, Larsen & Toubro, NTPC, Reliance Industries, Bajaj Finance and Power Grid were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong closed higher, while Shanghai closed lower.

European markets were trading lower in mid-session deals. US markets closed in positive territory on Tuesday.

According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 2,569.40 crore on Tuesday.

Global oil benchmark Brent crude fell 0.22 per cent to US$85.14 per barrel.

BSE benchmark Sensex closed 308.37 points or 0.40 per cent higher at 77,301.14 on Tuesday. Nifty rose 92.30 points or 0.39 per cent to hit a record high of 23,557.90.