Benchmark NSE Nifty closed 129.0 points down at 17321.9 amid selling in frontline bluechip counters.
Overall, 15 shares ended in the green in Nifty50 index, while 35 closed in the red.
In the Nifty 50 index, Adani Ports SEZ, Adani Ent., Coal India Ltd, BPCL and Hero MotoCorp were among top gainers during the day, while Maruti Suzuki, Axis Bank, TCS, M&M and SBI Life ended in the red.
The BSE Sensex closed 501.73 points down at 58909.35.
Traders piled up positions in Learning & Education, Shipping, Real Estate, Term Lending Institutions and Mining sectors, while selling was witnessed in Infrastructure, Petrochemicals, Media & Entertainment, Cables and Electric/Electronics sectors during the day.