The market continued its consolidation after a 2 percent loss in previous week as investors are eagerly waiting for fourth quarter earnings and outlook for FY17.
The 30-share BSE Sensex fell 31.86 points to 24641.98 and the 50-share NSE Nifty declined 4.05 points to 7551.15 while the broader markets outperformed benchmarks.
The BSE Midcap and Smallcap indices gained 0.2 percent each on positive market breadth. About 1016 shares advanced against 602 declining shares on Bombay Stock Exchange.
Bharti Airtel gained 3 percent on acquisition of 4G spectrum from Aircel in 8 circles.
Tata Motors, Adani Ports, ONGC, Sun Pharma, BHEL and Hindalco Industries rose 0.5-1.5 percent while Infosys, HDFC, Lupin, HDFC Bank, TCS, M&M, Dr Reddy's Labs and Cipla fell 0.5-1.8 percent.
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