The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The positive bias was aided by metal, realty and auto indices
ONGC was the top performer while private banking major ICICI Bank extended gains
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
'Make no mistake, legally Chanda Kochhar was not and still is not obliged to quit.' 'But quitting earlier would have placed her personally and as a leader on a very high pedestal, indeed where she belonged until this lapse,' says S Muralidharan, former managing director, BNP Paribas.
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
Summary of sports events and persons who made news on Monday
Bank shares were the top losers after sharp gains last week.
Banks stocks continued to trade weak along with FMCG major ITC.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
It hopes to attract billions of dollars in investment by this move, and may ease some restrictions on foreign inflows.
Polish fifth seed Agnieszka Radwanska was the highest women's casualty at the Miami Open on Saturday, blown away for the second time this year by Croatian Mirjana Lucic-Baroni.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
'Ms Williams has had multiple on-court implosions in the past and got penalised for them, too.' 'She cried sexism this time perhaps because she knew the atmosphere was ripe for it,' notes Shuma Raha.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Any correction in Indian equities is an opportunity for investors to put in money for the long term
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
World No 1 Novak Djokovic added to the sexism row, saying male tennis players should earn more money than their female counterparts as more people watch their matches.
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
Maria Sharapova made light of her long injury layoff by advancing to the last four of the WTA Finals with an unbeaten record in round robin play after the Russian breezed past Flavia Pennetta 7-5, 6-1 on Thursday, and booked a surprise passage to the semi-finals for Agnieszka Radwanska.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
Earlier on Wednesday, Czech Karolina Pliskova was forced to withdraw from the tournament due to a viral illness.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
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