The Sensex and the Nifty fell in trade today as the impact of the RBI rate cut was overshadowed by weak global cues.
TCS lost as much as 1.5 per cent following results that lagged estimates. Piramal Enterprises was trading higher by 3 per cent after reports that the company was mulling acquisition of US company Specialty Pharma CDMO, Coldstream Labs.
Mid cap stocks saw selling pressure with Voltas and Unitech among the losers.
Meanwhile, markets across Asia were trading with losses following weak overseas closings in the US. The Japanese Nikkei, the Hong Kong's Hang Sang were trading with losses, while the Shanghai Composite was higher.