Indian benchmark indices ended the day lower despite recovery in the last 30 minutes of trade. Recovery in Infosys and gains in Tata Motors helped the recovery.
Shares in Jindal Steel fell a huge 9 per cent after the company reported a loss.
Tech Mahindra which fell a huge 14 per cent on Wednesday continued to lose ground and fell another one per cent.
Gammon Infra jumped sharply after the RBI allowed investment in the company. Cipla fell despite reports that the company got tentative US FDA nod for HIV drug.
Bank of India which saw net loss and non performing assets increasing sharply . The stock ended the day lower by 6.35 per cent.
Shares in Seamac jumped after the company approved a buyback of shares for Rs 125. PSU banking stocks had a mixed day in trade with Punjab National Bank continuing to see sustained buying in trade. Astra Zeneca jumped 13 per cent after the company reported a net profit from a net loss.
Meanwhile, Asian markets closed lower with the Shanghai Composite dropping a huge 6 per cent as brokers increased margins. The Hang Sang also fell lower.