Here are 10 things to know about the markets today:
The Sensex ended 148.82 points - or 0.37 per cent - lower at 40,558.49 and the Nifty settled at 11,906.70, down 30.95 points - or 0.26 per cent - from its previous close. Both indices broke a winning streak that lasted four consecutive sessions.
Hero MotoCorp, IndusInd Bank, ICICI Bank, Titan and Hindalco, closing between 1.21 per cent and 3.03 per cent lower, were the worst hit among 28 laggards in the Nifty basket of 50 shares.
On the other hand, NTPC, Tata Motors, Bharti Airtel, Indian Oil and Bajaj Finance - up 2.29-4.13 per cent each - were the top gainers in the index.
HDFC Bank, Infosys and ICICI Bank were the biggest drags on Sensex.
A poll by news agency Reuters signalled that a recent stimulus to boost demand by $10 billion in India, one of the hardest-hit nations by the pandemic, would not be enough to significantly lift business activity, with economists forecasting the economy was set for a near double-digit contraction this fiscal year.
Dr Reddy's Laboratories shares ended marginally lower at Rs 5,038.80 apiece on the BSE, after the drug maker said it had isolated all its data centre services as a preventive measure "in the wake of a detected cyber-attack".
The government is working on a new stimulus package to support the economy amid positive signs of a fall in COVID-19 cases, news agency Reuters reported on Wednesday quoting a senior finance ministry official.
Meanwhile, the Reserve Bank of India was set to conduct its first-ever open market operation in state development loans later in the day. The central bank has already rolled out several measures to shore up liquidity in the pandemic-ravaged market.
Global investor sentiment took a fresh hit over talks to boost the world's largest economy after US President Donald Trump on Wednesday accused Democrats of being unwilling to craft an acceptable compromise on stimulus, following reports of progress earlier in the day. It remains unclear whether stimulus negotiations would continue ahead of the US presidential and congressional elections on November 3.
European share markets started Thursday's session on a negative note, with the United Kingdom's FTSE 100 index last seen trading 0.32 per cent lower in early trade, while the Eurostoxx was down 0.54 per cent. France's CAC 40 and Germany's DAX 30 indices were down 0.78 per cent and 0.94 per cent respectively.