After being in the green until about two in the afternoon, Indian benchmark indices slid into the red and closed 0.5 per cent below yesterday’s close.
The Nifty shed 27 points to close at 5,335 while the Sensex lost 85 points to close at 17,622.
Capital goods, realty, power, metals, IT, auto and mid-caps were among the prominent losers.
European markets were also marginally down in opening trade.
“Greece has missed another chance to fix a second bailout yesterday and this is causing jitters among marketmen,” said a dealer from an Indian brokerage.
Kotak Bank, Cairn, ITC, RIL and Ranbaxy were the top Nifty gainers while BHEL, JP Associates, Tata Steel, RCom and M&M were the top losers.