Meanwhile, the weak Chinese output data put further pressure on the Asian markets. The Nikkei (-3.52%), Hang Seng (-1.30%), Kospi (-0.45%), Straits Times (-0.49%) and Shanghai Composite (-0.94%) were trading lower.
Experts expect volatile session ahead of the wholesale price index (WPI) inflation data. "Heightened volatility can be expected as the data on inflation based on the wholesale price index (WPI) for February is due on Friday," Standard Chartered Securities said in its morning note. "Positive momentum is likely to continue as long as the Nifty holds 6350 level. Nifty may touch 6800 in the medium term," it added.
Among sectoral indices, the BSE Bankex (-1.99%), BSE Capital Goods (-1.28%) and BSE Realty (-1.40%) were the major losers.