Nifty edges down on profit-taking after record high

Reuters Market Eye - The Nifty was trading in the red on Wednesday on profit taking after the broader index earlier hit its third straight record high at 7,922.70.

The Nifty was trading down 0.26 percent as of 1:45 p.m.

Blue-chips fall: ITC down 0.76 percent and State Bank of India lower 0.9 percent.

Traders eye falling crude oil prices and rising dollar for further cues.

However, heavy foreign buying in India's options points to big move.

(Reporting by Abhishek Vishnoi)