Key benchmarks were down in early trade due to profit booking following gains in previous two consecutive sessions.
The Indian rupee too was under pressure, slipping towards 55 level, down by 32 paise to 54.82 against US dollar.
Financials, auto and metals were under pressure whereas gains in oil & gas and technology limited the fall.
Tata Power, one of the largest power companies in private sector in India, fell over 1 percent as the company stopped power supply to three Rajasthan distributions companies.
Realty major DLF was down 1.5 percent after the Competition Commission of India modified apartment buyer’s agreement in company’s case.
Manappuram Finance gained another 10 percent following yesterday’s 20 percent rally after the Reserve Bank of India released draft report on gold and gold financing NBFC yesterday. Muthoot Finance rose 3.6 percent.
Jet Airways moved up another 2 percent on hopes of deal with Etihad.
Suzlon, Lakshmi Vilas Bank, South Indian Bank were up over 1 percent.