Indian equities dropped the most in two weeks as investors sold technology and bank stocks after a record rally that took key benchmarks to record highs.

The S&P BSE Sensex fell 0.4 percent to 29,518 while the NSE Nifty lost 0.3 percent to end trade at 9,126. Both the indices declined the most in little over two weeks.

The market breadth was evenly spread between buyers and sellers. About 842 stocks declined, 802 advanced and 291 remained unchanged.