Mumbai: A benchmark index of Indian equities markets was trading 117.19 points or 0.45 percent down in the afternoon session on Tuesday, after the Bharatiya Janata Party-led government presented its maiden railway budget.

The index had hit a new high of 26,190.44 points during the early session of the day. Almost all the stocks were trading in the red. Selling pressure was seen in metal, capital goods, oil and gas, auto and banking sectors.