The 30-share BSE index was trading 189.52 points or 0.37 per cent lower at 51,233.36 in initial deals, and the broader NSE Nifty fell 43.20 points or 0.28 per cent to 15,392.45.
"Rising economic restrictions from spike in virus cases and weak global cues hit the domestic market sentiment," said Vinod Nair, Head of Research at Geojit Financial Services
M&M said the decision will not have any impact on its product plan but will enable it to focus on the core business of SUVs and also develop electric vehicles
In a regulatory filing, M&M's Farm Equipment Sector said, effective January 1, 2021, it will increase the price of its range of tractors, across models.
After touching its record intra-day peak of 46,373.34, the 30-share BSE Sensex ended 154.45 points or 0.34 per cent higher at 46,253.46, its new closing record.
In the previous session, Sensex surged 376.60 points or 0.94 per cent to finish at 40,522.10, while Nifty climbed 121.65 points or 1.03 per cent to 11,889.40.
The 30-share BSE index was trading 173.47 points or 0.43 per cent lower at 40,512.03, and the broader NSE Nifty slipped 47.20 points or 0.40 per cent to 11,883.15.
The insurance plan can be availed between October 1 and November 30 on the Bolero pickup range which includes the pick-up Maxi Truck, City pickup and Camper
