Swinging between gains and losses at intraday, benchmark indices finally ended in a negative trajectory dragged by metal, power, financial and realty stocks.. At close, the BSE Sensex went lower to 52,198.5, down 355 points, while the NSE Nifty also seen a fall of 120 points to 15,632.  Asian Paints, UltraTech Cement, Hindustan Unilever, Maruti Suzuki and Grasim Industries were among top Nifty gainers while losers include Hindalco, IndusInd Bank, UPL, Tata Steel and NTPC.

On the BSE, all sectoral indices ended lower with power, realty, metal, healthcare, auto and bank falling 1-2.4 percent. In Broader markets, BSE midcap and smallcap indices fell over a percent each.

ACC posted a good quarterly set of numbers which also propelled the rally in other cement stocks. Asian Paints also posted its Q1 results whereby its PAT registered a jump of 161% year-on-year.

Meanwhile, European indices traded higher after the previous day's carnage with all the major indices trading higher. The gains came after the Swiss major UBS posted a strong quarterly business update.

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