M&M was the top gainer in the Sensex pack.
Equity benchmark Sensex fell 214 points on Wednesday, led by losses in major indices Infosys, HDFC and TCS as investors booked profits at record levels despite a positive trend in global markets.
After touching an all-time high of 57,918.71 during the session, the 30-share index ended 214.18 points or 0.37% lower at 57,338.21.
Similarly, the broader NSE Nifty fell 55.95 points or 0.33% to 17,076.25. It touched an intra-day record of 17,225.75.
M&M was the top loser in the Sensex pack, falling nearly 3%, followed by Tata Steel, Bajaj Finserv, TCS, HDFC and Infosys.
On the other hand, Asian Paints, Nestle India, Axis Bank and Titan were among the gainers.
Vinod Nair, Head of Research, Geojit Financial Services, said, “Despite a strong opening following favorable GDP data, the domestic indices failed to maintain their early gains due to profit-booking strategy from the recent rally.”
India’s GDP grew due to the low base effect and was driven by private consumption expenditure and investment. He said the auto sector showed a flat trend in August as sales declined due to supply crunch.
In Asia, shares in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note. Europe’s shares were also trading with gains in the afternoon session.
Meanwhile, international oil benchmark Brent crude rose 0.31% to $71.85 a barrel.
.