The BSE Sensex falls on profit-taking, after gaining nearly 10 percent in a five-day winning streak on the back of strong foreign flows.
The BSE Sensex is down 0.4 percent, while the Nifty falls 0.3 percent.
Among private banks, ICICI Bank Ltd (ICBK.NS) falls 2 percent while HDFC Bank Ltd (HDBK.NS) is down 1.9 percent on profit-taking.
Jaiprakash Associates Ltd (JAIA.NS) falls 3.6 percent after earlier rising as much as 2.1 percent on profit-taking after announcing a cement unit sale to UltraTech Cement Ltd (ULTC.NS) on Wednesday.
Shares in Housing Development Finance Corp Ltd (HDFC.NS) are off lows down 0.4 percent after falling as much as 2.3 percent as FTSE increased its "investability weight" to 100 percent from 74 percent in its global equity index series, as per its website.
However, shares in IDFC Ltd (IDFC.NS) gain 5 percent after the Reserve Bank of India on Wednesday lifted restrictions placed on foreign investors purchasing shares of the company as their shareholding in IDFC fell below the prescribed limit.