After severe cuts in afternoon trade, the market managed to pare some losses by closing.
The Sensex was down 200.88 points or 0.7 percent at 26525.46,
and the Nifty slipped 65.85 points or 0.8 percent at 8140.75.
About 964 shares have advanced, 1628 shares declined, and 165 shares are unchanged.
Asian Paints, Wipro, GAIL, HUL and Tata Motors were gainers while ICICI Bank, Maruti, Bharti, NTPC and L&T were losers in the Sensex.
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The Sensex was down 200.88 points or 0.7 percent at 26525.46,
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