Markets took a breather after the recent surge and settled with a cut of nearly half a percent on Wednesday. Powered by strong GDP data, markets had opened at a record high in early trade. However, it could not hold gains at higher levels as investors chose to book profits.

The BSE Sensex ended at 57,338.21, down 214.18 points or 0.37%. The Nifty closed at 17,076.25, down 55.95 points or 0.33%.