PSU Bank, auto, bank and infra stocks saw heavy selling, while IT and realty counters finished with gains.
Globally, European stocks edged lower as investors awaited corporate earnings and fresh macroeconomic data.
Asian stocks ended mixed as investors booked profits. Oil prices hit three-year highs due to production cuts and a fall in inventories.
It saw an intra-day movement of about 62.80 points.
On the sectoral front, IT rose 2.24 per cent, Realty 1.26 per cent and Metal 0.07 per cent.
PSU Bank fell 1.38 per cent followed by auto 0.71 per cent, Media 0.38 per cent, Bank 0.34 per cent, Finance Service 0.33 per cent, Private Bank 0.28 per cent, Infra 0.26 per cent, Pharma 0.22 per cent and FMCG 0.14 per cent.
Major index gainers were TCS, Wipro, HCL Tech, Tech Mahindra, HPCL, Infosys, Bharti InfraTel and IndusInd Bank.
Losers included Eicher Motors, NTPC, UPL, Dr Reddy's, Asian Paints, Bajaj Auto, Tata Motors and Bajaj Finance.
The market breadth, indicating its overall health, was in favour of losers. On the NSE, 1,071 stocks declined, 722 advanced while 56 remained unchanged.
Total securities that hit their price bands were 216.
Turnover in the cash segment fell to Rs 36,413.60 crore from Rs 37,081.17 crore as on Tuesday.
A total of 21,711.11 lakh shares changed hands in 12,004,935 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,52,79,272.99 crore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)