The Sensex was down 64.01 points at 28984.18, while the Nifty was down 24.15 points at 8939.30.
The market breadth was negative as 1,032 shares had advanced, while 1,450 shares declined. Meanwhile, 137 shares remained unchanged.
Bharat Financial Inclusion tanked nearly 7 percent intraday after the microfinance institution indicated a risk of 4.5 percent of its loan book turning bad in the December quarter.
Tata Steel, Hindalco and Axis Bank were major laggards on the indices, while Adani Ports, TCS and BPCL were the top gainers.
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