"Markets are quite shy of the near term and (worried about) what havoc coronavirus can play in terms of supply chain and global growth," said Saurabh Jain, assistant vice president research, SMC Global Securities. Tata Consultancy Services Ltd was the biggest gainers in the NSE index, rising 1.93%, while Dr.Reddy's Laboratories Ltd was the major laggard, falling 2.81%. The NSE index is off 5.1% from its lifetime high hit on January 20, weighed down by the coronavirus outbreak and a lacklustre federal budget.