The S&P BSE Sensex surged 160 points to close at 25,262.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
One of the reasons is the increasing number of upgrades in analysts' recommendations.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
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Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Analysts attribute this volatility to selling by FPIs and FIIs.
Volatility might continue as the Chinese market is expected to open sharply lower, following a long break
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Even if the central bank doesn't pull the trigger later, it is still expected to by the end of the year.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
Asian shares ended higher after a string of positive US economic data.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Auto stocks are weighing on the indices.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Indian companies typically have higher return on equity.
Indices reversed all its losses during late trades.
The broader markets, however, outperformed their larger peers.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
Investors will remain cautious ahead of F&O expiry.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
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