The Indian benchmarks ended on a negative note on account of profit taking after eight trading session as concern over Greek debt crisis looms back.
Further, investors turned cautious ahead of the June derivative contracts set to expire tomorrow.
Further, Securities and Exchange Board of India (Sebi) halved the time required between listing and closing of an initial public offering (IPO) to six days.
BSE Metal index slumped by almost 2 per cent followed by counters like Auto, Capital Goods, Consumer Durables, Oil & Gas, Power and Realty, all falling between 0.5-1 per cent.
The top losers from the Sensex pack included Hindalco, Tata Steel, M&M, SBI, NTPC, GAIL and Tata Motors.
Sun TV Network dipped on the back of heavy volumes after media reports suggested that the Union home ministry was not in favour of reviewing its decision to block the broadcasting license of the company.
The BSE SENSEX closed at 27729.67, down by 74.7 points or by 0.27 per cent and then NSE Nifty closed at 8360.85, down by 20.7 points or by 0.25 per cent.
The BSE MIDCAP closed at 10617.38, down by 34.54 points or by 0.32 per cent while the BSE SMLCAP closed at 11083.65, down by 61.32 points or by 0.55 per cent.
The top gainers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 253.95,+4.06 per cent), Hindustan Unilever Ltd. (Rs. 895.30,+2.40 per cent), Lupin Ltd. (Rs. 1805.15,+1.83 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 870.80,+1.54 per cent), Wipro Ltd. (Rs. 565.30,+1.34 per cent), among others.
The top losers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 117.15,-3.70 per cent), Tata Steel Ltd. (Rs. 304.10,-2.98 per cent), Mahindra & Mahindra Ltd. (Rs. 1303.35,-2.27 per cent), State Bank of India (Rs. 262.50,-1.92 per cent), NTPC Ltd. (Rs. 136.85,-1.65 per cent), among others.
The top gainers of the NSE Nifty pack were Bharat Heavy Electricals Ltd. (Rs. 254.10,+4.22 per cent), Zee Entertainment Enterprises Ltd. (Rs. 355.20,+2.79 per cent), Hindustan Unilever Ltd. (Rs. 896.55,+2.38 per cent), Lupin Ltd. (Rs. 1805.20,+1.92 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 871.10,+1.56 per cent), among others.
The top losers of the NSE Nifty pack were Punjab National Bank (Rs. 138.05,-3.60 per cent), Hindalco Industries Ltd. (Rs. 117.25,-3.58 per cent), Bank of Baroda (Rs. 145.90,-2.93 per cent), Tata Steel Ltd. (Rs. 304.55,-2.72 per cent), Mahindra & Mahindra Ltd. (Rs. 1302.35,-2.53 per cent), among others.
Among the thirteen sectoral indices, metal index was leading the decline and closed at 9350.99, down by 149.09 points or by 1.57 per cent led by Hindalco Industries Ltd. (Rs. 117.15,-3.70 per cent), Jindal Steel & Power Ltd. (Rs. 90.50,-3.67 per cent), Tata Steel Ltd. (Rs. 304.10,-2.98 per cent), Hindustan Zinc Ltd. (Rs. 168.70,-2.09 per cent), JSW Steel Ltd. (Rs. 893.85,-1.74 per cent).
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of total shares traded 2795, shares advanced were 1224 while 1446 shares declined and 125 were unchanged.