The 30-share BSE Sensex was down 82.49 points at 31,073.42 and the 50-share NSE Nifty declined 41.15 points to 9,577, weighed by banking & financials, technology and PSU oil stocks.
The market breadth remained positive as about 1,333 shares advanced against 1,185 declining shares on the BSE.
Bourses in Europe moved lower as investors digested comments from the US Federal Reserve and waited to hear from the Bank of England. The Swiss National Bank left its rate unchanged.
France’s CAC, Germany’s DAX and Britain’s FTSE were down 0.5-1 percent.
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