Benchmark indices failed to hold on to gains and closed in the red on April 15.
Sensex closed 310 points, or 1.01 percent, down at 30,379.81 while Nifty finished 69 points, or 0.76 percent, lower at 8,925.30.
The broader markets outperformed as BSE Midcap and Smallcap indices ended higher by 1.3 percent and 1.2 percent, respectively.
The sectoral indices witnessed a mixed trend wherein FMCG, Realty, Capital Goods and Metals ended with gains whereas other indices like Auto, Banking, Finance and Consumer Durables ended with losses.
"We reiterate our cautious view on Indian markets and suggest not to go overboard during this recovery move. Domestic factors such as a sharp surge in the coronavirus cases and extension of the lockdown will continue to weigh on investors’ sentiment ahead," said Ajit Mishra, VP - Research, Religare Broking.
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