In the previous session, the BSE Sensex surged over 1,000 points to touch the 40,000-mark for the first time ever following the BJP's stellar electoral show, but could not sustain the momentum as investors chose to cash in on the gains.
Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election-related events lined up.
Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election-related events lined up.
The BSE gauge Sensex fell 61.88 points to trade at 37,028 in early deals, while the NSE Nifty declined 18.45 points to 11,129.75.
Elsewhere in Asia, bourses were trading significantly lower after the near collapse of trade talks with China last week.
RIL, Tata Motors, HDFC twins, Axis Bank, Bharti Airtel, ICICI Bank and TCS were the top gainers, rising up to 1.04 per cent.
Domestic equity benchmarks extended their losing streak for the sixth straight session on Wednesday, with the BSE Sensex plummeting 487 points and the Nifty cracking below the 11,400 mark as US-China trade tensions weighed on global investor sentiment.
Benchmark indices fell for the fifth session in a row on Tuesday, with the Sensex plunging 324 points and the Nifty diving over 100 points as investors continued to weigh US-China trade tiff and lukewarm corporate results.
In the previous session on Monday, the BSE bourse settled at 38,600.34, down 362.92 points or 0.93 per cent. The broader NSE Nifty ended the day at 11,598.25, losing 114 points or 0.97 per cent.
The BSE Sensex on Monday cracked over 362.92 points in line with global sell-offs amid renewed fears that trade negotiations between the US and China are on the verge of collapse.
In the previous session, the BSE bourse settled 50.12 points, or 0.13 per cent, lower at 38,981.43; and the broader Nifty slipped 23.40 points, or 0.20 per cent, to close at 11,724.75.
The gainers in the lot include HCL Tech, HDFC Bank, Asian Paints, Infosys, Hindustan Uniliver, Axis Bank and ONGC.
Top losers in the Sensex pack included Tata Steel, Vedanta, Maruti, SBI, Coal India, Tata Motors, Sun Pharma, HUL, RIL, IndusInd Bank, Axis Bank, HDFC duo, ICICI Bank, M&M, Kotak Bank, and Infosys, falling up to 2.89 per cent.
On Wednesday, Sensex had ended above the psychological mark of 39,000 after it gained sharply during the end of the trade session post last three days fall, the Nifty had begun the session on a positive note and then consolidated in course of the day's trading.
In the previous session Thursday, the BSE bourse settled 135.36 points, or 0.34 per cent, lower at 39,140.28.
After rallying to an intra-day record of 39,487.45 points, the 30-share BSE Sensex turned negative to settle 135.36 points, or 0.34 per cent, lower at 39,140.28. The broader NSE Nifty slipped 34.35 points, or 0.29 per cent, to 11,752.80 after setting an intra-day record of 11,856.
After hitting a lifetime high (intra-day) of 39,487.45, the 30-share index was trading 136.38 points or 0.35 per cent higher at 39,412.02.
According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, Q4FY19 earnings season will remain crucial for further upside in the market.
According to Rajesh Gopinathan, chief executive officer and managing director at TCS, this is the strongest revenue growth that the firm have had in the last fifteen quarters.
Coal India, ONGC, Tata Steel, Kotak Bank, HUL, RIL and M&M were the top gainers, rising up to 1.51 per cent
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