The benchmark Sensex remained range-bound in choppy trade, ending about 33 points down as investors preferred to stay light ahead of earnings season.
Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with SBI reporting maximum losses.
Asian markets opened in deep red but recovered. Nikkei ended down 0.23%, Hang Seng 2.2%, Shanghai 0.6%, Kospi 2.3% and Sensex 1.2%.
The benchmark has risen 2,198.25 points, or 8.53 per cent, from the previous Hindu Samvat year while the broader NSE Nifty surged 854.65 points.
Nikkei closed down 0.23% while Hang Seng was up 0.3%, Shanghai and Kospi were flat and Sensex ended up 0.5%.
Stocks offered a picture of contrast as the benchmark Sensex snapped its four-day falling spell.
India's Sensex was up 0.3% after the government listed GST Bill for debate and passage on August 3.
In a session that was marked by fluctuations, the benchmark Sensex ended almost unchanged as it closed in the green for the third consecutive day.
Ramesh Damani says India presents a much better macro picture and is in the middle of a bull market.
Investors' wealth in stock market took a hit of nearly Rs 1.8 lakh crore as Dalal Street felt the heat of Brexit.