Taking a breather after a record- setting spree, benchmark Sensex plunged 224 points today to retreat from lifetime highs as investors booked profits amid global volatility.
However, the 30-scrip Sensitive Index (Sensex) of the BSE touched a new intra-day high of 30,712.35 points.
Likewise, the 50-scrip NSE barometer Nifty slipped from its all-time high to finish at 9,429.45, down 96.30 points, or 1.01 percent.
FMCG stocks hogged the limelight after the GST Council fixed rates for most of the items.
In the Asian region, Japan's Nikkei was up 0.2%, Hong Kong's Hang Seng rose 0.3%, Shanghai Composite 0.12% in early deals.
BSE Bankex closed down by 1.25 per cent, BSE Capital Goods index closed down by 2.09 per cent, BSE Metal index closed down by 2.76 per cent, BSE Oil & Gas closed down by 1.52 per cent, BSE Power index closed down by 2.14 per cent while the BSE Realty index closed down by 3.12 per cent.
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On Thursday, Asian indices were showing a negative trend. London's FTSE rose 0.52 per cent.
India's largest lender SBI rose 2% ahead of its earnings to be announced later in the day while ICICI Bank, Tata Motors, Axis Bank, Tata Steel, Hero MotoCorp, Lupin, ONGC, Bajaj Auto, Adani Ports and Reliance Industries, were up as much as 4.4%.
The S&P BSE mid-cap index fell 0.72 per cent while the small-cap index declined 0.88 per cent.
Coal India rallied 2.6%, followed by NTPC and PowerGrid as the GST rate on the hydrocarbon was pegged at 5% as compared with the current tax burden 11.69%, which will make electricity cheaper.
Foreign portfolio investors (FPIs) were net sellers of Indian equities worth Rs 731 crore while domestic institutional investors ended up as net buyers of stocks worth Rs 615 crore according to provisional data published by the National Stock Exchange. The reconstitution in BSE indices will be effective from June 19, Asia Index said.