World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
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.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Markets ended lower on profit taking ahead of June F&O expiry.
Investors will maintain a cautious stance.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
The positive bias was aided by metal, realty and auto indices
Bank shares were the top gainers led by ICICI Bank.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
For the seven months since February 2014, the benchmark index surged nearly 27%.
The Sensex ended below 28,000 for the second straight day at 27,869.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Markets ended in green on rate cut hope.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
The Survey shows fiscal consolidation despite slowdown in growth.
The local markets are expected to react to global triggers until the government announces the Union Budget.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
One of the smallest players in India's car market, it is banking on new-look Etios to make inroads into the personal vehicle segment
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
She added 148 workers from Maruti Suzuki had been imprisoned for two years without bail, on charges of killing a plant manager.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Markets ended lower following expiry of July F&O contracts and sales by foreign funds.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.