Sensex and Nifty took a pause on Tuesday after registering record high levels in the previous day as investors took profits ahead of a market holiday on Wednesday on account of Eid-al-Fitr.
When markets begin on Thursday, the participants will keep an eye on the Reserve bank of India policy decision.
Nifty IT index closed 1.56pc fall at 16105-levels. Among the falling constituents, TCS fell 2.64%, HCL Tech down 2.63% and Oracle Financial Services down 1.71% on the Nifty IT index.
In other indices, Nifty Media has fallen 1.46% and Nifty Pharma index slipped 1.21% on the day.
In broad markets, the Nifty50 is down 0.66pts to close at 12021.65 and the Sensex has declined 184 points to close at 40083.54 today.