Markets snap record-setting trend: Sensex down 100 pts, Nifty tests 9.450

Broader markets underperformed benchmark indices with BSE Midcap and BSE Smallcap down 1.2% and 1.1%

Snapping the record-setting trend, benchmark indices were trading lower in the noon deals taking cues from global trends. Asian markets were trading lower in the morning trade after reports suggesting that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.
 
The allegations have not only thrown doubt over the future of the pro-growth policies that Trump promised, but they have raised the possibility he could end up leaving the presidency.
 
Back home, weak rupee, skepticism over GST rates and corporate earnings dragged the indices further. The rupee today opened