A benchmark index for Indian equities on Thursday closed 112 points in the red, after logging gains for two consecutive days.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,421.2 points, shut shop at 16,316.28 points (provisional), down 112.63 points or 0.69 per cent from its previous close.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 4,883.95 points, against the previous close at 4,914 points, a loss of 0.61 per cent or 30.05 points.
Broader market indices were also ruling in the red, with the BSE midcap index down 0.62 per cent and the BSE small cap index trading 0.38 per cent lower.
Other Asian markets too closed on a subdued note.
The benchmark Japanese index, Nikkei, managed to crawl up 0.3 per cent to close at 10,335.69 points, while Hong Kong's Hang Seng ended 0.54 per cent in the red at 20,422.15 points.
The South Korean Kospi too closed lower, slipping 0.38 per cent to 1,621.19 points.
Chinese exchanges will reopen on Monday after the week-long Lunar New Year holiday.
European benchmark indices, which opened on a weak note continued to struggle as trading progressed.