Sensex Turns Lower After Hitting Record High; IT Stocks Gain

The BSE Sensex and the broader Nifty hit a record high for a third straight day, but the bluechip indices turned sharply lower on profit booking. The Sensex fell as much as 232 points, while the Nifty was slumped over 70 points after a positive start.

Sesa Sterlite, Tata Power and Hindalco traded with over 3 per cent losses.

The Sensex hit an all-time high of 25,711, while the Nifty hit a high of 7,683 before turning lower. As of 10 a.m., the Sensex traded 159 points lower at 25,421, while the Nifty traded 56 points lower at 7,599.