Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Seven policemen were on Saturday killed and 10 persons were injured in a gunbattle with Naxals in the Maoist hotbed of Sukma district in Chhattisgarh.
Market participants are now awaiting Thursday's meeting of the European Central Bank
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
The Sensex had bounced back with gains of 94 points or 0.3%
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Sensex climbs higher on favourable global cues.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Banking stocks, including top ones like State Bank of India, ICICI Bank, HDFC Bank, Bank of Baroda and Bank of India, among others, have fallen sharply in the last one month.
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
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
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Sensex rises, snapping two-session losing streak; banks, auto gain.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
'The smartest businessmen are shopkeepers as their return on investment is better than anyone else.'
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
The festive season starts from August and last till December.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Analysts have started talking about at least a 25 bps cut immediately.
Seven CRPF men were killed on Wednesday and their weapons looted after Naxals carried out a deadly landmine blast on their vehicle in the jungles of the worst Naxal-affected Dantewada district of Chhattisgarh.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
The Sensex ended below 28,000 for the second straight day at 27,869.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
A first-of-its kind 'battle field hospital' is being set up deep inside the Naxal hotbed of Dantewada in Chhattisgarh which will provide immediate first aid to injured Central Reserve Police Force and other security forces officials undertaking anti-Maoist operations.
Metals bucked the trend and shone across the board.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
