The Indian indices fell from record-high levels to end 1.5 percent lower on Wednesday as investors booked profits after a tremendous bull run. Banking and financial stocks dragged the most while IT and pharma stocks also weighed on the indices. The Sensex ended 695 points lower at 43,828 while the Nifty lost 197 points to settle at 12,858. In early deals,  Sensex rose as much as 302 points to its all-time high of 44,825 while Nifty added 91 points to its record high of 13,145.85 powered by upbeat vaccine trial data and strong inflows from foreign money managers. On the Nifty50 index ONGC, GAIL, SBI Life, Adani Ports, and Coal India were the top gainers while Eicher Motors, Axis Bank, Kotak Bank, Sun Pahrma and Bajaj Finance led the losses. Broader markets were also lower with Nifty Midcap index down 1.7 percent and Nifty Smallcap index down 0.8 percent. Among stocks, Nifty Bank and Nifty Fin Services fell 1.8 percent each while Nifty Auto and Nifty IT lost over 1.5 percent each. Nifty Pharma was the top laggard, down 2 percent.

The Indian indices fell from record-high levels to end 1.5 percent lower on Wednesday as investors booked profits after a tremendous bull run. Banking and financial stocks dragged the most while IT and pharma stocks also weighed on the indices. The Sensex ended 695 points lower at 43,828 while the Nifty lost 197 points to settle at 12,858. In early deals,  Sensex rose as much as 302 points to its all-time high of 44,825 while Nifty added 91 points to its record high of 13,145.85 powered by upbeat vaccine trial data and strong inflows from foreign money managers. On the Nifty50 index ONGC, GAIL, SBI Life, Adani Ports, and Coal India were the top gainers while Eicher Motors, Axis Bank, Kotak Bank, Sun Pahrma and Bajaj Finance led the losses. Broader markets were also lower with Nifty Midcap index down 1.7 percent and Nifty Smallcap index down 0.8 percent. Among stocks, Nifty Bank and Nifty Fin Services fell 1.8 percent each while Nifty Auto and Nifty IT lost over 1.5 percent each. Nifty Pharma was the top laggard, down 2 percent.