The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
The rupee fell to a two-year low of 64.84 against the US dollar.
The S&P BSE Sensex surged 217 points to end at 25,736.
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.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
Sensex ends belowe 26,800 on domestic concerns.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Sensex, Nifty end lower on global concerns.
Experts say the BSE Sensex could rise to around 32,000 in a year.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Markets at close: Sensex ends in green; Nifty rises to new closing peak.
Sensex climbs higher on favourable global cues.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The 30-share Sensex ended 79 points lower at 26,909 and the 50-share Nifty closed 25 points lower at 8,102.
IT major Wipro on Friday reported a 9 per cent rise in Q3 net profit at Rs 2,192.8 crore in Q3.
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
Monsoon is expected to be normal in June.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
This surpassed its previous record close of 29,974.24, reached on April 5.