This is the highest closing for both the indices since May 15.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
As per the SEZ Act, 2005, and SEZ Rules, 2006, SEZ units are entitled to exemption from duty of customs and excise, exemption from service tax and VAT, exemption from stamp duty and registration fees and exemption from electricity duty, besides income tax exemption on export profits.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
TCS, Power Grid and Infosys are among the top S&P BSE Sensex gainers
Besides Aryan Khan, the arrested accused are identified as Munmun Dhamecha, Arbaaz Merchant, Ismeet Singh, Mohak Jaswal, Gomit Chopra, Nupur Sarika, and Vikrant Chhokar.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
Coal India was the biggest gainer on both Sensex and Nifty
Bank shares were the top losers along with index heavyweight RIL
The NSE Nifty also moved up by 12 points to 8,648.35.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
The depreciation in the yuan has led to a decline in all emerging market currencies
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
'Amid the different versions of truth on the Ishrat case, what is certain is that Ishrat's mother Shamima Kausar, who has continued to maintain that Headley's confession was nothing but an attempt by powerful people to save themselves in the case, is unlikely to find a closure anytime soon.'
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
The S&P BSE Sensex plunged 128 points to end at 25,102.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
The 13 firms under consideration had nearly a million employees as of March 2018, including contractual and temporary workforce.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
JNPT, the country's largest container port, would soon move into congestion if cargo does not get lifted by importers in the next few days.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
The S&P BSE Sensex surged 217 points to end at 25,736.
Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.