The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Stocks of companies having operations and exports to Europe were the top losers.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Investors indulged in profit booking at attractive and higher valuations