Benchmark indices ended the day flat and traded in a narrow range for most of the day, even as European markets recovered and Asia ended the day with gains.
Stocks that lost ground from the Sensex and the Nifty were Bajaj Auto, Sun Pharma and Hindalco.
The stock also plunged on the back of poor results. Shares in Jubilant Foodworks, which runs the popular Dominos Pizza chains fell, after reports claimed that there were high levels of toxic chemicals in products tested from the outlets.
Monsanto India shares rallied 5 per cent after the government withdrew its notification that mandated the capping of royalty for new genetically modified traits.
Meanwhile, markets across Europe were trading 1 per cent higher.