Late selling in realty, PSU and infrastructure stocks mainly dragged the market from early highs.
Gowda also said he did not know how long the Congress-JD-S government, headed by his son H D Kumaraswamy, would continue and it was in the hands of the senior coalition partner.
Kumaraswamy said he was ready for probe by even an international agency.
Political watchers believe that there is little denying the loss of face the party has suffered in its bid to rule India's richest state.
Capping a three-week-long high-voltage intense power struggle triggered by a raft of resignations by rebel lawmakers that pushed the government to the brink of collapse, the motion in the Karnataka Assembly was defeated with 99 members voting for the motion and 105 against it.
Portfolio sharing had turned out to be a thorny issue between the Congress and JD-S and was thrashed out after much haggling, with both parties announcing an agreement on June one.
Losing power after having come so close, Yediyurappa was determined to regain the reins of power from H D Kumaraswamy.
'The message they want to send to the country is that they can do anything by hook or crook'
The speaker told Kumaraswamy that "this (SIT) should not lead to a witch-hunt. The probe should be only to establish the truth."
'The leaders of the two parties, the rank and file, and even their respective vote banks are passionately opposed to each other.' 'At the top, between the leaders, it is personal, bitter and hostile.' 'This was not going to work. Everyone knew it.'
The Congress said it will observe 'Save Democracy Day' on Friday with party workers and leaders holding protest marches at all district and state headquarters.
Rahul Gandhi aslos asked the JD-S to clarify whether it was with the BJP and the Sangh Pariwar.
Gowda said that the JDS has only joined hands with the BSP which will continue in the 2019 Lok Sabha elections.
All eyes are now on Kumar who has to take a call on the resignations tendered by 13 MLAs of the Congress and the JD-S from the assembly.
Caste composition is going to be a huge determinant for winning the constituency where Vokkaligas and Lingayats constitute a vast majority, which puts Siddaramaiah in a weaker turf given that he belongs to the Kuruba community.
The Karnataka legislative assembly on Monday passed a unanimous resolution condemning the recent defacing of Shivaji Maharaj and Sangolli Rayanna's statues and burning of Kannada flag, and said such incidents will be considered as an act of sedition and strict action will be taken against those involved under 'Goonda Act.'
The case relates to protests near the I-T office in Bengaluru by the leaders including the then chief minister H D Kumaraswamy against the income tax raids at the residence of Congress and JD-S leaders.
This has been the CM's shortest stint in power -- three days.
Political parties were bracing for the assembly election results on Thursday in the crucial state of Uttar Pradesh, Punjab and politically volatile Uttarakhand, Goa and Manipur, sending out feelers for possible post-poll tie-ups.
What is in a name? Some may ask, but Karnataka's Chief Minister-in-waiting B S Yeddyurappa will say there is lot. Because he was B S Yediyurappa sometime back. It was the name change that made him click -- at least that is what he thinks.
Later, the chief ministers office issued a statement where it was claimed that the comments were an emotional reaction to the incident and not orders.
The stand-off between the government and opposition continued in the assembly on Tuesday over an SIT probe into the audio clip.
"Without the knowledge of the prime minister, is it possible to do this," Kumaraswamy asked, saying Modi should come clean on the issue.
Speculations about the JD (S) aligning with the Congress is being fuelled to pressurise the BJP to accept the ruling party's terms and let it continue at the helm of the state.
While 10 persons from Karnataka have been confirmed dead, at least seven of them are said to be JD-S workers.
The Income Tax department are conducting raids at the Chinnakurli residence of Janata Dal-Secular leader and Karnataka Minor Irrigation Minister CS Puttaraju in Mandya
The thumping victory for the Congress in the by-elections in Karnataka has renewed their hope of winning 25 seats in the forthcoming parliamentary elections.
Union home minister Amit Shah on Saturday had pitched for Hindi as a common language for the country, reigniting the debate on the issue as a section of political parties in South India said they would oppose any attempt to "impose" the language.
Ruptures in the opposition unity emerged barely a week after 17 parties joined hands to put up a joint candidate against the ruling National Democratic Alliance nominee for the July 17 presidential election.
'After the Parliament election results many people are confused and that is why this crisis has erupted
20 lawmakers did not turn up on Thursday, including 17 from the ruling coalition, 12 of whom are corralled in a hotel in Mumbai, as the House debated in a surcharged atmosphere.
Kumaraswamy found himself in a raging controversy on Tuesday after a video of his telephonic instruction to "shoot mercilessly" those who had killed a Janata Dal-Secular worker in the party's stronghold of Mandya district on Monday went viral.
The chief minister, who had on Wednesday expanded his new cabinet by inducting 29 ministers, had played it safe by and large retaining old faces, as 23 of them were Ministers in the previous Yediyurappa cabinet, while six were new.
The coalition government is on a shaky wicket with 16 MLAs -- 13 of the Congress and three of the Janata Dal-Secular -- resigning their assembly membership. Besides, two independent legislators, who were made ministers recently to provide stability, have quit the ministry and withdrawn support.
'Who's providing all this money to the BJP? And who's providing all this money to the Congress?' 'Where did all this money come from?' 'Who is enabling all these MLAs to be bought for Rs 50, 60 crores?' 'There's one MLA on whose behalf somebody claimed that the BJP invited him for Rs 60 crores. Whose money is this?'
Karnataka Ministers, who moved a court in Bengaluru seeking injunction against the media from publishing or airing anything 'defamatory or unauthenticated' against them, on Saturday said it was a precautionary measure against a 'big political conspiracy' targetting them.
In the second phase on April 18, 97 seats,spread across 13 states and one Union Territory, will go to the polls.
Ramesh Jarkiholi got the plum portfolio of major and medium irrigation which he was eyeing. Anand Singh got food, civil supplies and consumers affairs portfolio, Srimant Patil was given textile while K Gopalaiah has been assigned small scale industries.
Eighteen ministers inducted were of cabinet rank, nine each from the Congress and JD(S). Two JD (S) members joined as ministers of state.\n
"The Supreme court allowing us to contest election is important to us. We welcome it... We are politicians... This verdict is important to us," disqualified Janata Dal-Secular MLA from Hunsur A H Vishwanath told reporters in New Delhi.
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