Gains were led by index heavyweights Reliance Industries and Infosys.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
ONGC was the top performer while private banking major ICICI Bank extended gains
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
The S&P BSE Sensex surged 160 points to close at 25,262.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
After a volatile session, Sensex closed the day 563 points lower
The rupee fell to a two-year low of 64.84 against the US dollar.
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
Bank shares were the top gainers led by ICICI Bank.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Most Asian markets ended with gains.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Looking back, the Indians had rubbed their hands in delight at the variety of marquee events at home the sporting calendar of 2017 offered, and they now look forward, with optimism and anticipation, to a challenging 2018.
Markets closed in the red on domestic worries.
Indian equity markets registered their highest single-day percentage gains since early October.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Bank shares were the top losers after sharp gains last week.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
Asian shares ended higher after a string of positive US economic data.
Market breadth is positive with 942 advances and 196 declines.
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Markets ended lower on profit taking ahead of June F&O expiry.
The Survey shows fiscal consolidation despite slowdown in growth.
Banks stocks continued to trade weak along with FMCG major ITC.
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