The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
Exports had risen over 11 per cent in July, year-on-year.
The Sensex ended up 244 points at 28,504 on strong global cues.
'India needs to adopt a more proactive policy of triggering exports to China.'
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
Analysts sceptical whether company will sustain rise in operating profits.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
Modi government needs to focus more.
