"Market remained in a very narrow range for most part of the trading session and corrected in the last 90 minutes of the trading session. Stocks that were top performing in the first half of the trading session, were the ones that corrected the most in the second half of the trading session," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.       

The local currency also appeared to be having a bad day with rupee trading near 62-levels against the U.S. dollar.    

Meanwhile, Foreign Portfolio Investors sold shares worth Rs 101.98 crore yesterday, first net sales in almost 3 weeks.      

Sectorally, the BSE Metal index suffered the most by losing 2.14 per cent, followed by Power index which fell 1.80 per cent, Oil & Gas index by 1.35 per cent, Consumer Durables by 1.22 per cent and Realty index by 0.99 per cent.     

Selling activity also gained momentum in small and mid-cap sector stocks. The BSE Small-cap index lost 0.65 per cent and Mid-cap index fell 0.63 per cent.     

Bucking the trend, Dr Reddy, HUL, HDFC, Bajaj Auto, Airtel, L&T, Infosys and ICICI Bank ended up.