"Indian markets failed to hold on to its strong start as rising bond yield countered positive sentiments," said Vinod Nair, Head of Research at Geojit Financial Services.
Bajaj Auto was the biggest loser in the Sensex pack, falling 3.10 per cent, followed by Maruti, ICICI Bank, Sun Pharma, Reliance Industries and UltraTech Cement.
In contrast, five frontline companies from the 30-share pack closed in the green -- PowerGrid, Titan, ONGC, Infosys and Bajaj Finance Limited, rising up to 2.28 per cent.
In the broader market, the BSE midcap index fell 0.45 per cent, while smallcap rose by 0.14 per cent.
BSE auto, energy, bankex, finance and FMCG closed up to 1.60 per cent lower.
"Markets ended lower amid excessive volatility, in continuation to the prevailing consolidation phase. Initially, the benchmark opened firm, tracking upbeat global cues however surge in bond yields impacted sentiment as the day progressed," said Ajit Mishra, VP - Research, Religare Broking Ltd.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.