The broader markets were trading with strong gains in early trades. The BSE MidCap index advanced 120 points & BSE SmallCap jumped 192 points.
Sensex ended 410.28 points or 0.68% lower at 59,667.60, while Nifty declined 106.50 points or 0.60% to 17,748.60
Raymond rose 3.95% to Rs 465.50 after the company's board approved business consolidation to enable monetisation for value unlocking.
The Nifty Auto index rallied 0.55% followed by Nifty Bank gained 0.44%, Nifty FMCG index advanced 0.36%.
Amid profit booking in IT, Pharma and FMCG stocks, Sensex & Nifty failed to uphold gains and closed on a flat note amid volatility.
The Nifty Bank was trading at all-time highs of 38,215 in early trades, while the Nifty Auto index that rose by 1.18%.
It took a little over 31 years for the Sensex to traverse from 1,000 points to the historic 60,000 level.
Nifty IT index skyrocketed 2.41% followed Nifty Realty index jumped 0.73%, Nifty Bank index rose 0.69%
Sensex skyrocketed over 1,000 points to hit an all-time high of 59,957 before closing at 59,885, surging 958 points
All sectoral indices opened in the green on the NSE with the Nifty Metal index was shining brightly as it rallied 1.48% in early trades.