Sensex and Nifty traded on a flat note on Wednesday after hitting record highs for last four sessions, as traders are expected to take a breather, while they look for cues on the strength of the U.S.

The Nifty Auto index ended its four-day winning streak, slipping by half a percent today, with Tata Motors, M&M, and Bajaj Auto leading the decline.

The S&P BSE Sensex added 255.83 points to end at 85,169.87, while the NSE Nifty50 gained 63.75 points to close at 26,004.15.

The Sensex surged to a record high, closing above 85,000, while the Nifty crossed the 26,000 mark, driven by gains in banking, IT, and auto sectors. Strong earnings and economic indicators fueled the rally.

While large-cap stocks maintained their upward momentum for the fifth consecutive trading session, mid-cap and small-cap stocks struggled to sustain the rally. The Nifty Midcap 100 ended the session down 0.71% at 60,419 points, and the Nifty Smallcap 100 also closed lower at 19,357 points, down 0.42% compared to the previous closing price.

Indian equity benchmark indices, BSE Sensex and Nifty50, dropped in opening trade on Wednesday. While BSE Sensex was trading above 84,700, Nifty50 was near 25,900.

That apart, a widely followed global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy.

Stock Market LIVE Updates | Domestic stocks reached a new milestone on Tuesday, with the Sensex surpassing 85,000 and the Nifty exceeding 26,000. The Nifty achieved a new all-time high for the fifth consecutive session,

The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 25,925 level, a discount of nearly 20 points from the Nifty futures’ previous close.