Equity benchmark indices turned negative soon after hitting new record-high levels in a highly volatile trade on Thursday.
The 30-share BSE Sensex opened on a weak note but bounced back later, climbing 193.9 points to reach a new record peak of 80,910.45. However, the benchmark failed to hold onto the gains, trading 151.38 points lower at 80,550.97 by 11:22 AM.
Similarly, the NSE Nifty, after a weak beginning, recovered early losses and climbed 65.9 points to hit a fresh lifetime high of 24,678.90. However, the Nifty also relinquished its gains, quoting 66.35 points down at 24,546.65.
Among the Sensex pack, Adani Ports, Asian Paints, Tata Steel, NTPC, Power Grid, and UltraTech Cement were the biggest laggards. Conversely, Tata Consultancy Services, Hindustan Unilever, Bajaj Finserv, Tech Mahindra, and State Bank of India were trading in the positive territory.
In Asian markets, Seoul, Tokyo, and Shanghai were trading lower, while Hong Kong quoted higher.
The US markets ended mostly lower on Wednesday.
Global oil benchmark Brent crude climbed 0.45 percent to USD 85.45 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,271.45 crore on Tuesday, according to exchange data. Stock markets were closed on Wednesday on account of Muharram.
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