The broader Nifty ended on top of 9,800 again.
Gujarat legislator Jignesh Mevani on Monday alleged that his arrest by the Assam police is a pre-planned conspiracy "designed" by the Prime Minister's Office to destroy him ahead of assembly elections in the state and termed it an act of "56-inch cowardice".
Investors booked profits in recent gainers
The Sensex swung over 660 points both ways on alternate bouts of selling and buying before closing the day higher by 97.39 points, or 0.28 per cent.
Bond issuances dipped 31.4% during January-June
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
'Kindly advise about the following stocks. Can I hold or exit?'
Even while the union budget may not have announced many direct schemes for Gujarat, the state has been a major beneficiary under Prime Minister Narendra Modi's first 100 days in office.
Broader gains were capped as investors awaited corporate results from major firms
Traders are closely watching the progress of the monsoon.
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
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 scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
This is the highest closing for both the indices since May 15.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
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.
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.
TCS, Power Grid and Infosys are among the top S&P BSE Sensex gainers
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.
Bank shares were the top losers along with index heavyweight RIL
The depreciation in the yuan has led to a decline in all emerging market currencies
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
The NSE Nifty also moved up by 12 points to 8,648.35.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
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.
'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 Congress leader said he has traversed across the country, "but I have not seen violence, hatred anywhere. But I see it on television all the time."
The S&P BSE Sensex plunged 128 points to end at 25,102.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27 per cent to settle at 59,708.08 after it trimmed most of the intra-day gains. During the day, it had zoomed 1,223.54 points or 2 per cent to 60,773.44.
Gains were led by Tata Motors amid robust sales in June along with select financials.
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.