Yes Bank slipped by 1.5 per cent after the National Stock Exchange (NSE) said it will cease to be a part of Nifty 50 index from March 27.
Bharti Infratel, Britannia and ITC too traded with a negative bias. However, GAIL, Bharti Airtel, Eicher Motors and UltraTech Cement gained by thin margins.
MSCI's broadest index of Asia Pacific shares outside Japan ticked up by 0.3 per cent, led by gains in Hong Kong and South Korea. But Japan's Nikkei dropped by 0.55 per cent after news of first coronavirus death.
Reliance Industries fell by over 1 per cent to Rs 1,464.45 per share while metal majors Tata Steel and Hindalco slipped by 1.4 per cent and 1.06 per cent respectively.
Among stocks, Yes Bank added gains of 1.76 per cent at Rs 40.45 per share while Kotak Mahindra Bank moved up by 1.1 per cent and ICICI Bank by 0.6 per cent.
Wipro gained by 1.4 per cent while HCL Technologies was up by 1.3 per cent. Sun Pharma, Cipla and Dr Reddy's ticked up by 2 per cent, 1.2 per cent and 1 per cent respectively. The other prominent winners were Britannia, Hindustan Lever and Kotak Mahindra Bank.
Asian shares pulled back from a one-and-a-half year peak as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy.
IT majors showed some gains with Tata Consultancy Services up by 1.5 per cent at Rs 2,043 per share. Tech Mahindra added gain of 1.3 per cent while Infosys moved up by 0.7 per cent.
Aditya Birla Family Office has shown interest to infuse 25 million dollars, Citax Holdings Ltd and Citax Investment Group 500 million dollars, GMR Group and Associates 50 million dollars and Rekha Jhunjhunwala 25 million dollars.
Hong Kong's Hang Seng index led the losses and was down by more than 1 per cent after police fired live rounds at protestors on the eastern side of Hong Kong island.