The Bombay Stock Exchange benchmark Sensex fell by almost 60 points in early trade on Thursday on profit booking by funds and retail investors.
The 30-share index, which had gained 11.98 points in the previous choppy session, was down 59.50 points, or 0.34 per cent, to 17,413.06.
The wide-based National Stock Exchange index Nifty also declined by 16.70 points, or 0.31 per cent, to 5,228.20.
Marketmen said profit-booking by funds and retail investors and a weak trend in Asian markets, which were down up to 1.9 per cent in the morning trade, mainly pulled the benchmark Sensex down.
DLF Ltd fell by 1.41 per cent to Rs 325.70, Infosys Technologies by 0.25 per cent to Rs 2,709.20, Wipro by 0.74 per cent to Rs 699.60, Tata Steel by 1.04 per cent to Rs 661.80 and Sun Pharma by 1.21 per cent to Rs 1,727.
Bucking the trend, Reliance Industries was up 0.30 per cent at Rs 1,057.40 ahead of the quarterly results to be announced tomorrow.