The 30-share BSE Sensex was down 117.91 points at 29,856.33 and the 50-share NSE Nifty fell 36.60 points to 9,228.55.
HDFC, Reliance Industries, ICICI Bank and L&T dragged the market while Tata Motors and Bajaj Auto were gainers.
"Rupee has rallied strongly on the back of custodial selling. We expect the USD-INR pair to trade in a range of 64.85-65.15/dollar for the day," he added.
Asian markets fell, tracking losses on Wall Street after the Federal Reserve released its March Federal Open Market Committee minutes which was viewed as hawkish.
HDFC, Reliance Industries, ICICI Bank and L&T dragged the market while Tata Motors and Bajaj Auto were gainers.
"Rupee has rallied strongly on the back of custodial selling. We expect the USD-INR pair to trade in a range of 64.85-65.15/dollar for the day," he added.
Asian markets fell, tracking losses on Wall Street after the Federal Reserve released its March Federal Open Market Committee minutes which was viewed as hawkish.
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