The broader NSE Nifty too slipped 18.50 points, or 0.16 per cent, to close at 11,575.95.
Top gainers leading the gains on Sensex were ONGC, Yes Bank, Hero MotoCorp, RIL, Sun Pharma, ITC, HDFC Bank, ICICI Bank, Coal India, ITC and Bajaj Finance, rising up to 1.97 per cent.
Sensex, Nifty indices hit as global crude prices touch six-month high; Sensex oil &gas index falls 3.2%; BPCL, HPCL among top losers.
Nifty tumbled 158.35 points to close at 11,594.45 following end on US sanctions waiver on iranian oil imports.
Bucking weak market trend, TCS, PowerGrid, HCL Tech, Infosys, HDFC Bank and NTPC rose up to 1.31 per cent.
Nifty slipped by 34.35 points to 11,752.80 with losses by Yes Bank, Vedanta and ITC.
The NSE Nifty too soared to another record high of 11,856 in early session. In the previous session Tuesday, the BSE bourse marked its lifetime closing high of 39,275.64.
The banks continue to have a lion’s share in the ongoing rally and the onus to lead the earnings for Nifty will lie with the corporate banks.
Monsoon optimism and bumper start of corporate earnings season also helped Nifty to reach fresh high of 11,787.15.
The 30-share index was trading 239.11 points or 0.61 per cent higher at 39,144.95, and the NSE Nifty was trading 63.35 points, or 0.54 per cent, up at 11,753.70 in early session.
IT major TCS rallied by nearly 5 per cent to boost the NSE Nifty at 11,690.35 as Tata Motors gained the biggest.
Share prices sometimes rally ahead of the actual profit growth of businesses, and time to time, this undergoes correction. Do not panic when share prices are falling, sit through it.
During the past week, the Sensex fell 95.12 points or 0.24 per cent, while the Nifty shed 22.5 points or 0.19 per cent.
IT bellwether Infosys ended 0.63 per cent higher, while rival TCS slipped 0.26 per cent ahead of their quarterly earnings.
Shares of Infosys and Tata Consultancy Services (TCS) were trading up to 0.81 per cent higher ahead of their quarterly earnings, scheduled for release later in the day.