Benchmark indices Sensex and Nifty snapped their four-day gains on October 8 to close marginally lower. The Nifty 50 edged down 0.25% to 25,046.15, while the BSE Sensex shed 0.19% to 81,773.66. The two indexes rose about 2% each in the last four sessions.

Fourteen of the 16 major sectors logged losses on the day. The broader small-caps and mid-caps fell 0.5% and 0.7%, respectively.

Bank Nifty dropped about 0.5%, snapping a six-session rally in which it had gained 3%.

Looking ahead, an analyst said "buy on dips" could be a decent strategy for traders.

"Markets traded sideways on Wednesday and ended with a mild downtick, taking a breather after the recent surge. After a quiet start, the Nifty moved within a narrow range for most of the session and eventually settled near the day’s low

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