Nifty slips from record highs to end at 10,147.55; Sensex also falls

The Sensex closed down 21.39 points at 32402.37, while the Nifty was down 4.05 points at 10149.05. The market breadth was negative as 1288 shares advanced, against a decline of 1311 shares, while 159 shares were unchanged.

Tata Motors, Tata Motors DVR and GAIL were traded in green while Coal India, Sun Pharma and Aurobindo Pharma were in red on both indices. 

The NSE data also showd, ICICI Lombard General Insurance Company's Rs 5,700-crore initial public offering has been oversubscribed 1.90 times.

The IPO received bids for over 11.7 crore equity shares against issue size of 6.16 crore shares (excluding anchor investors' portion).

Overseas, most Asian markets were trading lower as investors awaited clues from the Federal Reserve on future monetary policy.

The US stocks registered fresh record closing high yesterday as investors looked ahead to the outcome of a key Federal Reserve meeting tomorrow