The NSE Nifty slipped by 59 points to 10,762.45 on emergence of selling mainly in PSU banks, auto and infra counters amid ongoing concerns with regard to US-China trade war.
Besides, weaker rupee and fresh selloffs by foreign funds also hit sentiments.
Globally, European and Asian shares too remained under pressure due to escalating trade tensions with the Trump administration mulling curbs on Chinese investment in the US.
The Nifty 50 index fell by 59.40 points, or 0.55 per cent, to close at 10,762.45. It hovered between 10,831.05 and 10,753.05 during the session.
It saw an intra-day movement of about 78.00 points.
Sector-wise, PSU banks dropped 2.09 per cent, auto 1.61 per cent, infra 1.52 per cent, realty 1.49 per cent, media 1.36 per cent, energy 1.23 per cent, metals 0.99 per cent, pharma 0.79 per cent, private banks 0.66 per cent, financial service 0.66 per cent, banks 0.59 per cent and FMCG 0.47 per cent
On the other hand, IT rose by 0.64 per cent.
Major Index gainers were Ultra Tech Cement Co, Bajaj Finance, Infosys, Infra Tel, Lupin, Eicher Motors, Vedanta, IndusInd Bank.
Among the losers were Tata Motors, Hindustan Petroleum, ICICI bank, BPCL, Larsen, Coal India, Larsen and Powergrid.
The market breadth, indicating its overall health, remained negative, a total of 478 scrips advanced and 1,322 declined, while 73 remained unchanged.
As many as 193 total securities hit their price bands.
Turnover in the cash segment eased to Rs 24,461.16 crore, from Rs 26,822.92 crore as on Friday.
A total of 10,723.52 lakhs shares changed hands in 91,39,298 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,44,64,042.91 crore.
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