Analysts said the index would find immediate support in the 15,800-750 range. They believe a sustained close above 15,915 level should offer the bulls an edge.
In the international market, gold was trading with gains at $1,782 per ounce and silver was flat at $26.13 per ounce.
Most analysts had advised subscribing to the issue for listing gains as well as for the long term, but with a strong start in the secondary market, some of them say investors should book profits.
"If the balance sheet is good, then we can expand more. Also, we will be able to identify the right place and the right time and experience organic as well as inorganic growth."
Now, it has to hold above 15,800 level to witness a rise towards 16,000 and 16,200 levels, while on the downside support can be seen at 15,700 and 15,600 levels.
On the Multi Commodity Exchange, nickel contracts for the July delivery traded lower by Rs 11.50, or 0.83 per cent, to Rs 1,370.20 per kg with a business turnover of 2,427 lots.
The interest rate on loans from banks under this scheme would be capped at MLCR plus 2 per cent.
Investors sold IT and financial services stocks amid rising concerns over inflation.
“Days within the lockdown being lifted, we saw demand moving up. Once business is back to normal, growth numbers will very quickly reach pre-Covid status.”
The delay of the initial public offering (IPO), set to be South Korea's biggest ever, could be for up to a fortnight as a result of the regulatory review, according to two people with direct knowledge of the matter.
The pan-European STOXX 600 was down 0.2 per cent by 0813 GMT, with travel-related stocks TUI, Ryanair Holdings and IAG sliding between 1.9 per cent and 3.2 per cent.
The Shanghai-listed company plans to sell 5 per cent to 10 per cent of its stock in the listing, which could take place as soon as the third quarter of this year, one of the people said.