Benchmark indices Sensex and Nifty fell more than 0.6 percent each on July 24, wiping out previous session's gains amid selling seen across sectors, however, buying in pharma and PSU banks helped limit the losses.

At close, the Sensex was down 542.47 points or 0.66 percent at 82,184.17, and the Nifty was down 157.80 points or 0.63 percent at 25,062.10. BSE Midcap and smallcap indices down 0.4 percent each. Nifty 50 index ended near a key technical support of 25,060 level.

Eternal, Dr Reddy's Labs, Tata Motors, Grasim Industries, Cipla were among major gainers on the Nifty, while losers included Trent, Nestle India, Shriram Finance, Tech Mahindra, Reliance Industries.

On the sectoral front, except PSU Bank (up 1.2 percnet) and pharma (up 0.5 percent), all the other indices ended in the red with IT index down over 2 percent, and realty & FMCG indices down 1 percent each.

Persistent Systems shares tank 7% post Q1 earnings, IEX shares crashed 28% as electricity regulator approved power coupling in day-ahead markets, Tata Consumer shares soared as Q1 profit jumps 15%, Coforge shares slipped 9% despite steady Q1, Nestle India shares fell 5 percent after Q1 net fell 13.4% on year.

VA Tech Wabag shares gained 2% on contract win worth Rs 2,332 crore, Indoco Remedies shares jumped 5 percent despite posting losses in Q1, Tilaknagar Industries shares rose 4 percent on acquiring Pernod Ricard India's Imperial Blue whiskey business for Rs 4,150 crore, Force Motors shares up over 12 percent after a 52 percent on-year profit growth on high demand for vans.

Nearly 140 stocks on the BSE touched their 52-week highs, including Paytm, KIMS, Eternal, Shyam Metalics, Fortis Healthcare, Laurus Labs, Nuvoco Vistas, Navin Fluorine, Godrej Agrovet, JK Cement, CreditAccess Grameen, HDFC Bank, DCM Shriram, Muthoot Finance, Delhivery, JM Financial, Anand Rathi, among others.