The Indian benchmark equity indices closed lower, with the NSE Nifty 50 ending 0.47% down at 25,355.25 and the BSE Sensex closing 0.41% lower at 83,190.28.
Bharti Airtel Ltd. and HDFC Life Insurance Co. stocks dragged the market down, leading to a second consecutive session decline.
Technical analysis suggests non-directional market activity with indecision between bulls and bears, awaiting a breakout on either side.
Top gainers in the Nifty 50 included IndusInd Bank Ltd., Maruti Suzuki India Ltd., Tata Steel Ltd., while Bharti Airtel Ltd., HDFC Bank Ltd., Asian Paints Ltd. were among the biggest laggards.