The market ended lower as the Sensex is down 231.23 points or 0.9 percent at 25886.62. The Nifty slips 67.20 points or 0.8 percent at 7864.15. About 1240 shares have advanced, 1547 shares declined, and 137 shares are unchanged.
BHEL, ONGC, Lupin, Vedanta and ITC were among losers while Axis Bank, NTPC, HDFC Bank and Maruti were top gainers.
India's economy will grow at 7.4 percent in the current fiscal, which will further improve to over 8 percent in 2016-17, Standard & Poor's Ratings Services projected on Thursday.
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