Reuters Market Eye - The Nifty falls 0.62 percent, while the Sensex is down 0.54 percent. Foreign institutional investors sold shares worth 16.54 billion rupees ($273.2 million) on Thursday, their biggest single-day selling since July 2.
Asian shares track a slump in global markets due to ongoing tensions with Russia and Argentina's second debt default in 12 years.
Tech Mahindra Ltd falls 3.7 percent after April-June-quarter net profit lags estimates.
(Reporting by Indulal PM)