The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
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Bigger and broader indices do relatively poorly as investors get selective; experts see opportunity if scrips chosen with care.
Juan Martin del Potro rued not being able to take the chances that fell his way in Sunday's US Open final but was full of admiration for the quality of champion Novak Djokovic's play.
Tata Motors, Maruti, Tata Steel, Vedanta, Bajaj Auto, IndusInd Bank, SBI, Hero MotoCorp, M&M, Asian Paints, Axis Bank, RIL and L&T too jumped up to 10.21 per cent.
Markets closed in the red on domestic worries.
Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Sebi's move to curb volatility didn't work for the market as rules were applicable for both long and short positions which makes difficult new long positions while short positions caused more price damage due to lack of liquidity.
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance. On the other hand, Bajaj Auto, Hindustan Unilever, UltraTech Cement, TCS, Bajaj Finserv and Infosys were the gainers.
Market breadth depicted strength. There were almost 3 gainers against every loser on BSE
'For Modi and Shah, the humiliating setback is bigger than the electoral defeats in New Delhi and in Bihar in 2015.'
Teen sensations Bhaker, Chaudhary and Bhanwala grabbed podiums and headlines with their fearless approach, with Japsal, in their own words, playing a crucial role in their success.
Other gainers included Kotak Bank, HCL Tech, ONGC, Asian Paints, Vedanta, HDFC Bank, Bajaj Finance, Maruti and TCS, gaining up to 1.41 per cent. Sun Pharma was the top loser, cracking 8.58 per cent.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
The biggest winner was Lok Sabha Speaker Sumitra Mahajan who ran her ship with self-confidence and aplomb.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
'Unlike the Congress, the BJP is not a party that merely goes by family connections.' 'Scindia's future will depend on what he brings to the BJP table.' 'The BJP is also a party where vertical growth is mostly factored by RSS preferences.' 'To secure confidence of the saffron brotherhood, Scindia will have to be his grandmother's grandson and not his father's son,' notes Nilanjan Mukhopadhyay.
'These days, you could give the money to your maid or the person who comes to collect your garbage or your watchman; they are struggling to make ends meet.' 'You could help a friend whose business is at risk due to the lockdown and the struggling economy.' 'Even if you lend money to someone in this crisis, it will be more useful to the economy than parking your money in some government fund,' says Praful Nikam.
'If Shivakumar and Deve Gowda play the match well, this government will complete five years.'
Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.
Mamata Banerjee and Singur share a history that dates back to 2006.
'Modi is still immensely popular and, therefore, he can sustain any number of policy failures.' 'Modi himself has worn multiple faces so it would be naive to think that the Modi of 2021 will be the same Modi that will be campaigning for re-election in 2024.'
'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'
Tata Steel was the biggest gainer in the Sensex pack, rising 3.36 per cent, followed by Vedanta, Bajaj Finance, TCS, IndusInd Bank, Infosys, ONGC, Kotak Bank, HDFC Bank, HDFC, M&M and ITC.
IMAGES from Day 3 of the 2022 French Open at Roland Garros in Paris on Tuesday.
It was Novak Djokovic's first match this year after his Australian Open hopes were dashed when he was deported following an 11-day saga revolving around his decision not to have a COVID-19 vaccination.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Other gainers include ONGC, Bajaj Auto, Kotak Bank, TCS, Tata Steel, Axis Bank, Maruti, HDFC and HUL, surging up to 3.03 per cent.
IMAGES from Day 4 of the Wimbledon Champions at the All England Lawn Tennis and Croquet Club, London, on Thursday
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
'He always had a choice to resign and walk toward the sunset in protest.' 'Instead, he chose to be a mute witness to one of the most sordid chapters of India's parliamentary history when MPs were bought up like cattle to steer the nuclear deal through,' says M K Bhadrakumar.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
"I want to tell India that war is not a solution to any problem. The winner in war is also a loser. War gives birth to host of other issues," said the Pakistani prime minister.
Infosys, Wipro and HUL among the top losers for the day.
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