Benchmark indices ended lower after consolidation, as investors monitor trade developments between US and China. The OPEC decision will also be closely watched.
The Sensex fell 114.94 points to 35,432.39 and the Nifty shed 30.90 points to 10,741.10. More than two shares declined for every share rising on the BSE.IOC, HPCL and BPCL gained 3-4 percent on correction in crude oil prices.
ICICI Bank and Reliance Industries gained more than a percent while HDFC Bank rose half a percent.SBI, L&T, ITC, Maruti, M&M, Dr Reddy’s Labs and Axis Bank were under pressure.
Nifty Midcap index fell over 100 points.
Balrampur Chini, Dhampur Sugar, Union Bank, Indian Bank, PNB, Avanti Feeds, Strides Shasun, NCC, Just Dial, Indiabulls Real Estate, Adani Power, IDBI Bank, Equitas Holdings, Bata and Escorts slipped up to 7 percent.
VIP Industries, InterGlobe Aviation, Firstsource and Mphasis gained up to 5 percent.