The NSE benchmark Nifty eased marginally by 7.60 points with negative bias ahead of RBI monetary policy review to be announced tomorrow.
Selling were seen mainly in, PSU banks, MNC, energy and auto sectors which dragged down the Nifty, while infra, IT, FMCG, metal and realty were contributing to gains.
Nifty had touched 7,600 intra-day high but was seen struggling below the psychological level swinging between positive and negative zone.
In overseas markets, European stocks edged lower on disappointing Chinese manufacturing data.
In Asian stocks, China edged lower after disappointing manufacturing data for January while, Japanese stocks extended a rally registered during the previous trading session, triggered by the Bank of Japan's (BOJ) announcement of expansion monetary stimulus.
The 50-share Nifty resumed higher at 7,589.50 and hovered in a range of 7,600.45 and 7,541.25 before closing at 7,555.95 a marginal loss of 07.60 points or 0.14 per cent from its last Friday's close.
Major sectoral losers were, PSU banks down by 3.39 per cent, other banks (1.34 per cent), finance (1.21 per cent), MNC (0.79 per cent), energy (0.54 per cent) and auto by (0.46 per cent).
While, infra climbed up by 0.97 per cent, FMCG by 0.79 per cent, IT by 0.61 per cent, metal by 0.32 per cent and realty by 0.20 per cent.
Midcap-100 and Smallcap-100 gained by 0.46 per cent and 0.34 per cent respectively, outperformed the Nifty50 Index.
The key index losers included ICICI Bank by 5.63 per cent, SBIN 3.97 per cent, Maruti 3.60 per cent, Bank of Baroda 2.55 per cent, Axis Bank 2.23 per cent, Hindalco 2.07 per cent and Vedl by 2.02 per cent.
However, Adaniports rose by 4.17 per cent, followed by Yes Bank 3.43 per cent, Coal India 2.69 per cent, Acc 2.56 per cent, Cipla 2.45 per cent and Idea 2.04 per cent.
Of the total 1,623 securities, 843 advanced, 693 declined while, 87 remained unchanged.
Turnover in cash segment fell to Rs 16,623.65 crore from Rs 20,637.33 crore last Friday. A total of 8,125.47 lakh shares changed hands in 75,76,598 trades.
The market capitalisation of NSE stood at Rs 92,24,069 crore.
