The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
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Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
India Inc will report good set of numbers in Q4.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two "very good calls" from Beijing also influenced the local currency, dealers said.
Oil & gas, banking and pharma sector stocks stole the show
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
While Mcleod Russel, ADF Foods, Indiabulls Real Estate, DCM Shriram and BSE have announced buyback through open market route, the remaining 23 companies plan to buy back their shares via tender offers
Broader markers outperformed their larger peers.
Participants are keenly waiting for the January IIP.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Metals bucked the trend and shone across the board.
Liquidity issues post the crisis at DHFL, progress of monsoon, rupee trajectory at the domestic level and oil prices are some factors that will keep markets choppy, analysts say.
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
The 50-share NSE Nifty ended at 9,143.80, up 43 points, or 0.47 per cent, after moving between 9,153.15 and 9,109.10.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
In a bonanza to its shareholders, country's third largest IT firm Wipro on Thursday said it will buyback up to four crore shares worth around Rs 2,500 crore (Rs 25 billion).
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices