The Nifty metal sector was also trading down led by Coal India, Hind Zinc, Vedanta, Tata Steel and NMDC.
Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent.
Experts largely expect the Nifty to be volatile on Thursday and see expiry in the range of 10,500-10,600 levels.
In the medium term, geopolitical tensions in the Middle East, increasing US government debt and rising inflation pressures, volatility and lower equity markets could support gold prices, CARE Ratings said.
Index heavyweights Reliance Industries, HDFC and ICICI Bank helped the Nifty close above 10,600-mark for the first time since February 5, 2018, though the pressure in metals and technology stocks capped upside
Ashok Leyland, Shriram Transport, Cholamandalam Finance, GNFC, Delta Corp, Gati, Swaraj Engines and Thomas Cook rallied up to 5 percent.
ICICI Bank, Infosys, Bajaj Finance, SBI, Axis Bank, Adani Ports, Hero Motocorp and Bharti Airtel fell up to 2 percent.
The Sensex is down 11.71 points or 0.03% at 34415.58, while the Nifty is down 1.30 points or 0.01% at 10564.00.
Oil retailers HPCL, BPCL and IOC were down between 4 percent and 7 percent after sharp rally in crude prices but state-owned oil exploration companies ONGC rose 1 percent and Oil India climbed 3 percent.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur and Kaya gained up to 7 percent.
The Nifty Midcap index also closed in the red. About three shares declined for every two shares rising on the NSE.
Kamat Hotels, Jet Airways, Andhra Bank, Bank of Baroda, Jaypee Infratech, Bhushan Steel, OBC, Balrampur Chini, Alok Industries fell up to 5 percent.
Jewellery stocks Goenka Diamond, PC Jeweller, Titan Company, Renaissance Jewellery, Tara Jewels and TBZ gained up to 9 percent ahead of Akshaya Tritiya tomorrow.
Benchmark indices were in the green in pre-opening trade, following positive lead from global peers.
HDFC twins, FMCG, pharma and select auto stocks supported the market, but the weakness Infosys and Tata Motors capped gains.
The Nifty Realty index was the only major gainer among sectoral indices, rising nearly 2 percent intraday.
The company has entered into settlement agreement with ARCIL (Assets Reconstruction Company India) in respect of credit facilities availed by the company.
Its net profit stood for the quarter at Rs 1,648.3 crore, as against Rs 79.8 crore in the year-ago period.
The company#39;s Q4 (Jan-March) consolidated net profit rose 79.4 percent at Rs 513.1 crore against Rs 286 crore, in the same quarter last year.
The market breadth was in favour of the declines with 798 stocks advancing while 739 declined and 489 remained unchanged. On the other hand, in the BSE, 906 stocks advanced and 705 declined and 65 remained unchanged.
The quarter was mainly impacted by two factors - bankruptcies of two clients, and an additional impact on the healthcare and life sciences business as more clients exit the exchange market.
CLSA Global Markets Pte sold 4,75,17,583 shares of Hathway Cable and Datacom
HDFC Mutual Fund Small Cap Fund bought 99,134 shares of Shaily Engineering Plastics.
The market breadth was in favour of the declines with 553 stocks advancing while 1150 declined and 345 remained unchanged. On the other hand, in the BSE, 864 stocks advanced and 1653 declined and 150 remained unchanged.
All brokerage houses retained their buy rating on the stock and expect the stock to rally up to 32 percent over the next one year period on hopes of robust earnings in FY19.
Credit Suisse maintains an outperform rating on ICICI Prudential and raised its target price to Rs515 from Rs495 earlier. ICICI Prudential remains top pick in life insurance for the global investment bank.
37 stocks hit fresh 52-week high including Ashok Leyland, Cyient, Indiabulls Ventures, Mahindra Mahindra, Mindtree, Mphasis and Zydus Wellness among others.
The company has received a binding offer from Radiant Life Care, Fortis Healthcare (FHL) said in a regulatory filing.
The state-owned construction company has fixed April 26 as record date for determining the shareholders entitled for sub-division of equity shares.
Shares rose up to 13 percent, with gains from GATI, Patel Integrated Logistics, VRL Logistics, Aegis Logistics and Snowman Logistics.