Markets halt record closing spree: Sensex closes at 38,723, Nifty ends at 11,692 

Stock markets indices halted their record closing spree dragged by Reliance Industries after it snapped its seven-day rally.

The S&P BSE Sensex fell 0.45 per cent or 174 points to 38,723 and the NSE Nifty 50 index declined 0.4 per cent or 47 points to 11,692.

After a volatile opening, indices were almost flat in morning trade. Following some range-bound trading, indices hit fresh intraday low in late trade as selling intensified. The Sensex rose 93.02 points, or 0.24% at the day's high of 38,989.65 in early trade. The index fell 217.06 points, or 0.56% at the day's low of 38,679.57 in late trade. The Nifty rose 14.70 points, or 0.13% at the day's high of 11,753.20 in early trade. The index fell 59.65 points, or 0.51% at the day's low of 11,678.85 in late trade.

Broader market depicted firmness. Among secondary barometers, the BSE Mid-Cap index rose 0.47%. The BSE Small-Cap index rose 0.05%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1294 shares rose and 1418 shares fell. A total of 164 shares were unchanged.