Infosys, Wipro and HUL among the top losers for the day.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Banks and realty among the most hit on account of high borrowing costs.
Financials emerged as the top gainers while auto shares rallied on robust September sales
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The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
Markets crashed due to domestic worries; bluechip stocks tanked too.
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 broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Sensex surged 486 points or 1.9%.
The 50-share NSE Nifty was trading lower by 24 points.
The markets had been on an upward trajectory since August 2013.
Indices reversed all its losses during late trades.
Banks, real estate and metal scrips among the top losers.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
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Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Gains were led by Tata Motors amid robust sales in June along with select financials.
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The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Markets closed in the red on domestic worries.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
BSE Bankex and Telecom indices led the fall.
The rupee fell to a two-year low of 64.84 against the US dollar.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
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Index heavyweights were the top losers along with bank shares.