The Indian benchmark indices ended lower in a volatile session on July 2, with Nifty below 25,500 amid selling seen in the realty, and financial names. At close, the Sensex was down 287.60 points or 0.34 percent at 83,409.69, and the Nifty was down 88.40 points or 0.35 percent at 25,453.40.

Biggest Nifty losers were Shriram Finance, Bajaj Finserv, IndusInd Bank, HDFC Life, L&T, while gainers were Tata Steel, JSW Steel, UltraTech Cement, Maruti Suzuki, Asian Paints.

Among sectors, metal index was up 1.4 percent, Consumer Durables index added 1 percent, while PSU bank, capital goods, realty, media, power were down 0.4-1.4 percent.

The BSE midcap and smallcap index shed 0.2 percent each.

In stock specific action, Asian Paints shares rose 2.5% despite CCI orders probe into anti-competitive behaviour, IndusInd Bank shares fell 2.6% as Goldman Sachs cuts rating to 'sell' with up to 15% downside, Hyundai Motor shares slipped nearly 6 percent despite marginal increase in monthly sales data, RITES shares gained nearly 6 percent on order win worth $3.6 million from African Rail Company.

Paras Defence shares rose 4 percent after its arm got anti-drone systems supply order from France-based CERBAIR, Keystone Realtors shares rose 3 percent after company was selected by 8 societies for Andheri West for cluster redevelopment with GDV of Rs 3,000 crore, Tata Communications shares jumped 4% after Macquarie said stock may double in 3 years.

More than 140 stocks on the BSE touched their 52-week highs, including Kama Holdings, Asahi India, JK Lakshmi Cement, Sai Life Sciences, SRF, UltraTech Cement, Cholamandalam Financial Holdings, Laurus Labs, Dalmia Bharat, Ramco Cements, Bharti Airtel, Divis Labs, Federal Bank, LT Finance, AU Small Finance, City Union Bank, among others.

HDB Financial shares ended with 13.5 percent gain at Rs 840.30 after listing at a decent premium over its IPO price.

Sambhv Steel Tubes shares ended 19.5 percent higher at Rs 97.99 after listing at premium of 34.15 percent over the IPO price of Rs 82 per share.