S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
Markets end higher ahead of Fed outcome, China stimulus
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The Nifty had hit its third successive record high of 7,922.70 today.
Markets ended at record closing highs for the second day in a row on institutional buying.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Auto and realty shares were among the top Sensex gainers.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Markets ended lower following expiry of July F&O contracts and sales by foreign funds.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.