Monsoon is expected to be normal in June.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
IIP for November 2015 and CPI for December 2015 will be announced today.
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ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Investors accumulated quality stocks at valuable and attractive levels.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Auto stocks are weighing on the indices.
The Sensex ended lower on unfavourable cues.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Gains were led by index heavyweights with Reliance Industries contributing the most.
A rapid fall in crude oil prices has meant the RBI is a year ahead of its inflation-targeting schedule
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Custodian banks are selling dollars for their foreign fund clients.
In India, however, the Nifty continues to climb a wall of worry as general elections loom, fiscal deficit surges and the current account deficit is barely under control following subdued gold and crude prices, says Sonali Ranade.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
This weakness is likely to continue in the near-term.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Markets ended at record closing highs for the second day in a row on institutional buying.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
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