Rate-sensitive financial stocks were the largest percentage losers among the 11 major sectors of the S&P 500.
Vodafone Idea board has approved raising of up to Rs 25,000 crore through rights issue.
The paper has been issued pursuant to a report submitted by a Sebi-constituted group on Differential Voting Rights (DVR).
The Federal Open Market Committee is likely to forecast one interest rate hike for this year.
Federal Reserve said it would start slowing the shrinking of its balance sheet in May.
Nifty formed a fresh six-month high, but now the pace of buying is missing in the market.
From March 22-30, the bank will auction these to ARCs, banks, NBFCs and FIs.
The issue received an overwhelming response from 16 anchor investors.
The Nifty Private Bank index was trading 0.06 per cent down at 16,991.55 around 02:14 pm.
The Nifty Metal index was trading 1.14 per cent down at 2992.80 around 12:28 pm.
The issue price is set at Rs 12.50 per equity share, a Rs 2.50 premium over face value of Rs 10.
The Nifty FMCG index was trading 0.08 per cent down at 30,408.80 around 12:37 pm.