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The domestic equity market closed in the red on Thursday. Sensex slipped 359 points to end the session at 70,700 and Nifty lost 101 points to settle at 21,352.
The benchmark NSE Nifty 50 index lost 0.18% to 21,418 points, while the S&P BSE Sensex settled 0.24% lower at 71,315.
The 30-share BSE Sensex pack surged 570 points to hit a lifetime high of 71,084.08 while the broader NSE Nifty index moved 173 points up to touch a record high of 21,355.65.
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"Going forward, 21,000 is likely to act as a crucial level for the Nifty, as call writers have built their maximum positions at that strike price. A resumption of the current uptrend might be seen above 21,000, with the potential to reach 21,550. On the lower end, put writers have built significant positions at 20,900 and 20,800; below these levels, profit booking might increase," said Rupak De, Senior Technical Analyst, LKP Securities