Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Sensex closed the day 416 points higher.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
The 30-share Sensex ended down 215 points at 27,011.
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Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
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Engineering major BHEL rebounded from its day's lows to end around 1% higher.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Global brokerage firm CLSA is positive on India's growth stroy.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
For the seven months since February 2014, the benchmark index surged nearly 27%.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
The 30-share Sensex provisionally ended up 112 points at 28,555 and the 50-share Nifty closed 24 points higher at 8,561 after hitting a record high of 8,626.95.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.