Benchmark indices snapped their winning streak of four consecutive sessions on January 15 as investors embarked on profit-booking after the December quarter numbers of some banks dented sentiments.
"After the solid pre-budget rally, the market is getting a bit sceptical after higher than expected NPA numbers in the recent Q3 bank results and very high consumer inflation which may stay for another month or two," said Vinod Nair, Head of Research, Geojit Financial Services.
The market traded volatile and finally settled marginally lower, taking a pause after the recent surge. The bias was negative from the beginning due to weak Asian cues ahead of the US-China trade deal. Also, the decline in the banking pack further dragged the index lower.
Sensex closed 80 points, or 0.19 percent, down at 41,872.73, while Nifty finished 19 points, or 0.15 percent, lower at 12,343.30.