Markets closed lower amid consolidation after rising for two days in a row as investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Meanwhile, caution continued to envelop the D-Street ahead of the UK referendum on whether to stay in the European Union due on Thursday.
However, latest Foreign Direct Investment egime for a host of important sectors including defence, civil aviation and pharmaceuticals along with advancement of monsoon rains capped the downside.
