Reuters Market Eye - The BSE Sensex and Nifty fell, giving up earlier gains of nearly 2 percent due to profit-taking in shares of state-run companies such as Bank of Baroda while caution ahead of Narendra Modi's ministerial appointments also weighed.
Bank of Baroda shares slumped 8 percent, Bharat Heavy Electricals fell 6 percent while NTPC fell 5.5 percent.
The BSE Sensex fell 0.7 percent after earlier rising 1.95 percent while the broader Nifty fell 1 percent after earlier gaining 1.9 percent.
(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)