Sensex ended at 57,338.21, down 214.18 points or 0.37%, while the broader NSE Nifty ended 55.95 points or 0.33% lower at 17,076.25
Goldman Sachs maintains a ‘Buy’ rating on the stock with a price target of Rs 9,036 apiece.
Market analyst has advised investors to keep 75% of the portfolio in large caps amid the ongoing rally
Nifty 50 took just 20 sessions to surge 1,200 points from 16,000 to 17,200.
In early deals, Sensex was at 57,890.97, up 338.58 points or 0.59%, while Nifty advanced 82.95 points or 0.48% to a new high of 17,215.15.
India's real GDP grew by 20.1% in the April-June quarter of the fiscal year 2021-22, a record quarterly print on the back of low base.
India's GDP for the April-June (Q1) quarter of the ongoing fiscal will be released today, 31 August 2021
IEX hit a record intraday high of Rs 521.55 in today's session. The scrip has rallied 180.7% from its 52-week low of Rs 181 hit on 4 November 2020.
BSE MidCap index hit a fresh lifetime high of 23,740 in opening trades and the BSE SmallCap index was quoting at 26,842 up by 152 points or 0.57%.
After hitting lifetime high of 56,958.27 during the day, Sensex closed at 56,889.76, up 765.04 points or 1.36%.