In New York market, the dollar was little changed against major rivals yesterday as investors continued to comb through economic data and speeches from central bank officials to get a better sense of when the Federal Reserve could begin to raise interest rates.
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
The HSBC Markit Services Purchasing Managers' Index fell to 51.7 in June from May's three-month high of 53.6, in a sign that Asia's third-largest economy is still struggling to climb out of a quagmire of low growth and high inflation.
The BSE Mid-Cap index was currently down 1.25%
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Markets have gone into a tailspin, the Modi govt must revive investment sentiment.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Traders are waiting for the earnings season to kick off.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
The Sensex ended below 28,000 for the second straight day at 27,869.
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