Indian equity indices erased some of the previous session gains to end on a negative note with Nifty below 24,700 amid selling seen in most of the sectoral indices except auto.

At close, the Sensex was down 308.47 points or 0.38 percent at 80,710.25, and the Nifty was down 73.20 points or 0.30 percent at 24,649.55.

After a flat start, the indices came under pressure post recent statements from the US President, with Nifty slipping below 24,600, intraday, meanwhile buying in auto stocks helped to trim the losses.

Among sectors, auto index up 0.4 percent, while bank, IT, oil & gas, FMCG, pharma down 0.5 percent each.

BSE Midcap and smallcap indices ended with marginal losses.

Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank were among top losers on the Nifty, while gainers were Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank.

In stock-specific action, Marico shares fell 1.5 percent after Q1 earnings, IndusInd Bank shares rose as RBI approved the appointment of Rajiv Anand as new CEO, Paytm shares declined 2% after 1.86 crore equity changes hands via block deal, Bosch shares hit 52-week high as Q1 consolidated profit jumps 140%, Triveni Turbine shares fell 8% on weak earnings, Godfrey Phillips India shares surged 10% as Q1 consolidated profit rises 55%.

More than 120 stocks touched their 52-week highs on the BSE, including Godfrey Phillips, Vishal Mega Mart, JK Cement, Nuvoco Vistas, TVS Motor, Aditya Birla Capital, Hitachi Energy, Fortis Healthcare, Star Cement, Schneider Infra, CCL Products, Bosch, among others.