Equity benchmarks wiped out early gains with the Nifty breaking 8000 level on profit booking. Banking & financials, auto and FMCG stocks were under pressure while healthcare, technology and metals stocks gained.
The 30-share BSE Sensex was down 13.78 points at 25947 and the 50-share NSE Nifty fell 4.55 points to 7997.75 while the broader markets outperformed benchmarks.
L&T extended gains in morning, up nearly 4 percent after the company maintained its order inflow and revenue guidance for FY17.
Asian stocks traded higher, tracking US stock markets’ rise to all-time closing highs on Tuesday. Australian index surged 1 percent.
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