The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The S&P BSE Sensex plunged 128 points to end at 25,102.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
The NSE Nifty went past the 8,600-mark for the first time since November 1.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Oil & gas, banking and pharma sector stocks stole the show
In a departure from its stand, the government has decided to go ahead with the privatisation of the four airports.
This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The depreciation in the yuan has led to a decline in all emerging market currencies
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
The S&P BSE Sensex surged 217 points to end at 25,736.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Out of 30 Sensex shares, 19 ended lower while 11 gained
Tatas, Adani, Bharti, HDFC and Sun Groups have clocked huge gains.
The winter session of Parliament will commence on November 26.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
