The Sensex’s four days of record on Tuesday gave way to its first drop in seven sessions, with investors in metal and IT stocks burning their fingers.
The Nifty also came down from record, but managed to close above 10,300.
Participants are not lowering their guard yet as they keep their focus clearly on quarterly earnings and outcome of the US Federal Reserve’s two-day policy meeting.
US President Donald Trump is expected to announce his decision on the next Fed chair soon, which explains the state of cautiousness among investors.
The 30-share Sensex, after opening lower, slipped further. But buying in selective counters made it settle at 33,213.13, down 53.03 points, or 0.16 per cent.
The index had closed at a life high of 33,266.16 yesterday. It had risen 876.19 points in the past six sessions.
The Nifty too closed lower 28.35 points, or 0.27 per cent, at 10,335.30. It had ended at a fresh peak of 10,363.65 on Monday.