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Benchmark indices fell in early trade on Wednesday after rallying in the past four days amid mixed global market trends.
Despite a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and later declined 140.5 points to 60,980.85.
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The broader NSE Nifty dipped 36 points to 18,109.40.
From the Sensex pack, Bharti Airtel, Titan, Maruti, Infosys, Nestle, Tata Consultancy Services, Asian Paints and Mahindra & Mahindra were the major laggards. Sun Pharma, Tech Mahindra, Tata Steel and UltraTech Cement were among the gainers.
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