TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
The index had risen over 585 points in the previous three sessions.
Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
ONGC was the top performer while private banking major ICICI Bank extended gains
India's GDP for the three-month period ended September 30 grew 7.4%.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
The 30-share Sensex ended in the red.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Banking and capital goods stocks were out of favour, while oil and auto stocks saw buying interest.
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Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Bank shares were the top gainers led by ICICI Bank.
Reliance beat analyst expectations on almost all parameters
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The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Market participants are now awaiting Thursday's meeting of the European Central Bank
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
Re-instatement of 5% custom duty on crude imports will help.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Benchmark indices finished higher on hopes of economic reforms
There, however, has been an improvement in operating margins.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.