Following weak Asian and European markets amid US Federal Reserve’s decision to hike interest rates by a quarter point, domestic bourses gave up gains in the last hour of trade on Thursday and closed the session in the negative zone.
The Sensex at the Bombay Stock Exchange (BSE) ended 84 points down at 26,519 and the Nifty at the National Stock Exchange (NSE) closed 29 points lower at 8,153.
However, in the broader markets, BSE Smallcap index gained 0.2 per cent while Midcap index closed flat.
Among the BSE sectoral indices, IT index closed with the biggest gain, up 0.6 per cent, while Healthcare index ended with the biggest decline, down 1.4 per cent.
On Wednesday the Sensex had closed 95 points down at 26,602 and the Nifty had ended 39 points lower at 8,182.
Top gainers in the Sensex-30 pack: Axis Bank (up 2.4 per cent), TCS (up 2.1 per cent), ONGC (up 1.4 per cent), Power Grid (up 1.1 per cent) and Bajaj Auto (up 0.9 per cent).
Top losers in the Sensex-30 pack: Sun Pharma (down 4.3 per cent), NTPC (down 2.4 per cent), Tata Motors (down 2.1 per cent), ITC (down 1.4 per cent) and Bharti Airtel (down 1.1 per cent).
However, the Rupee was trading 36 paise down at 67.79 against the US Dollar.