The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Profit-booking and selling pressure on below-normal monsoon forecast, marred sentiments, traders said.
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Asian markets were trading mixed with the Nikkei gaining after the US dollar strengthened against the yen.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
The breadth was neutral with 1,329 advances and 1,320 declines.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Markets closed the day in green on favourable domestic factors,
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
The 30-share Sensex ended higher by 30 points.
The Sensex ended lower on unfavourable cues.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Sensex closed over 118 points down on Thursday.
The Sensex had bounced back with gains of 94 points or 0.3%
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The first six months of the financial year (Siemens follows an Oct-Sept calender) has not been encouraging.
The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty closed up 75 points at 8,910.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
For the seven months since February 2014, the benchmark index surged nearly 27%.
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.