Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Sourcing bauxite from other states to add Rs 600 crore to cost.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
Moily insisted that no proposal has been moved to the Cabinet for raising diesel rates beyond the 40-50 paise a litre monthly increase, which has been implemented since January.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
For the seven months since February 2014, the benchmark index surged nearly 27%.
Movement of rupee and crude oil prices will also dictate the trend
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Sensex in green in afternoon trade.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
IT and pharma companies again save the day; mask pain in domestic consumption.
Over the past two decades, India has evolved economically as well as from the market's perspective.
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