Mumbai: Amid increasing investor concerns about rise in inflation and interest rates, the Bombay Stock Exchange benchmark Sensex fell 75 points to end at 19,612.20 on Wednesday on mild profit-booking.

The BSE 30-share barometer resumed higher at 19,698.61 and shot up further to 19,811.14 on the back of sustained capital inflows.

However, profit-booking in IT and Banking counters pulled down Sensex to day's low of 19,550.55, before closing at 19,612.20 -- a fall of 74.62 points or 0.38 per cent.

The National Stock Exchange index Nifty fell 18.30 to 5,891.75, after moving between 5,944.45 and 5,868.80.

Brokers said that elevated crude oil prices raised investor concerns over inflation, which may compel the RBI to hike the key interest rates further, affecting the bottomline of companies.

On Tuesday, the Reserve Bank of India indicated that easy money policy was a distant reality in the face of persistently rising prices. RBI has hiked benchmark lending rates eight times in the last one year and raised inflation forecast.

"Higher crude price seems to be creating a pause in the market momentum," said Bhavin Desai, Manager Derivatives at Motilal Oswal Securities.

Investors used the opportunity to book some profit following the recent rally, he added.

Asian stocks mostly ended higher, shrugging off China's latest interest rate hike. The key benchmark indices in China, Hong Kong, Singapore and Taiwan ended higher by 0.56 per cent to 1.69 per cent while Japan's Nikkei and Kospi eased by 0.32 per cent and 0.17 per cent respectively.

Among the sectoral indices, BSE-Teck fell 0.84 per cent, followed by BSE-IT - 0.69 per cent, Bankex - 0.43 per cent and BSE-Metal by 0.41 per cent.

However, BSE-Realty index rose 3.18 per cent, Consumer Durable by 1.11 per cent and BSE-Power, 0.73 per cent.

Major sufferers from the Sensex pack were Wipro (2.93 pc), Bharti Airtel (1.86 pc), Hindalco Ind (1.67 pc), Maruti Suzuki (1.40 pc), TCS (1.25 pc), Reliance Communication (1.20  pc)and M&M (0.93 pc).

However, Hero Honda went up by 2.22 per cent followed by NTPC (1.78 pc), Reliance Infra (1.21 pc) and Tata Motors by 1.19 per cent.

(Agencies)