The markets were volatile in a narrow range, owing to selling pressure in IT and metal shares.
A drop in India's export figures as well as soft cues from global peers played spoilt-sport with investor sentiments.
Asian markets were mostly in red with Nikkei shedding 0.6% to 8,642, while Kospi and Taiwan dropped marginally. However, Shanghai Composite index jumped 1% to 2,123 on stimulus hopes and reports of share buybacks.
India's exports fell 5.45 percent to $25.1 billion in June, while imports fell 13.46 percent to $35.4 billion, leaving a trade deficit of $10.3 billion, government data showed on Wednesday.
After recording strong growth for much of last year, India's overseas sales have tanked, with officials blaming weak demand in the United States and Europe for the fall.
BSE metal index shed 0.7% at 10,405, mirroring movement in the London Metal Exchange.
Oil & gas and IT indices slid 0.3% each. Meanwhile, BSE healthcare index added 1.3% to 7,236. Capital goods, realty and power indices were up around 1% each.
Cipla added 4.4% at Rs 353. The company's Q1FY13 net profit was up at Rs 400.7 cr versus Rs 253 cr, YoY.
Its net sales were up at Rs 1917.4 cr versus Rs 1591 cr, YoY.
BHEL added 2%, followed by Tata Power, SBI and HDFC.
Meanwhile, Coal India slipped 2.7% at Rs 350 on reports that the board of the State-owned company has decided to revise the contentious penalty clause in the fuel supply agreements (FSAs)
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