Shares of Servotech Power Systems hit a fresh 52-week high even as the market remains volatile on Wendesday. The equity benchmark indices declined in early trade amid profit-taking as investors preferred to stay on the sidelines after a record rally and ahead of the monthly derivatives expiry. Amid this the stock of Servotech opened at Rs 196.93 and surged further to touch the high of Rs 201.58 - the 52-week high of the stock. The 52-week low of the counter is Rs 196. The 30-share BSE Sensex dropped 171 points to 84743.04 in early trade. The NSE Nifty declined 48.7 points to 25891.70.From the 30 Sensex firms Tech Mahindra Asian Paints HCL Technologies Nestle Adani Ports Infosys Tata Motors and State Bank of India were the biggest laggards. Power Grid Mahindra & Mahindra HDFC Bank and Maruti were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2784.14 crore on Tuesday according to exchange data. The monthly expiry on Thursday could result in sideways movement in intra-day trades but a bullish undertone and robust growth prospects going ahead would see the markets bounce back at regular intervals said Prashanth Tapse Senior VP (Research) Mehta Equities Ltd. In Asian markets Seoul traded lower while Tokyo Shanghai and Hong Kong quoted in the positive territory. The US markets ended higher on Tuesday. Global oil benchmark Brent crude dipped 0.28 per cent to USD 74.96 a barrel. After oscillating between highs and lows during the day on Tuesday the BSE benchmark dipped 14.57 points or 0.02 per cent to settle at 84914.04. During the day it jumped 234.62 points or 0.27 per cent to scale a fresh all-time intra-day peak of 85163.23.