The record breaking spree was led by index heavyweights, financials and metal stocks.
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
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Banks, real estate and metal scrips among the top losers.
Sensex is trading firm; FMCG, real estate going strong.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Custom duties, a major concern for the oil sector.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
The 30-share Sensex ended 79 points lower at 26,909 and the 50-share Nifty closed 25 points lower at 8,102.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
While OVL on April 16 signed a Joint Operating Agreement and Participation Share Agreement/Assignment Agreement with Kazakhstan's KazMunaiGas Exploration Production to buy a quarter of the Satpayev block, it on Wednesday signed a pactwith the Kazakh government to formally become a part of the concession.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Sensex,Nifty to remain under pressure through the week.
Banks and realty among the most hit on account of high borrowing costs.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The broader markets also ended lower in line with the benchmark indices
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Pharma shares extended losses after the government's ban on combination drugs.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The rupee fell to a two-year low of 64.84 against the US dollar.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
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