Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
The broader NSE Nifty reclaimed the key 10,000-mark and touched a high of 10,143.50 before finally settling at 10,130.65
The market breadth was extremely negative - out of 2,673 stocks traded, 2,170 declined, 444 advanced and the rest were unchanged on Friday. The BSE Realty index slumped 6.3% (243 points) to 3,597. The Metal index shed 4.8% (475 points) at 9,502, and the Bankex dropped 4.3% (293 points) to 6,571.
The broader NSE Nifty cracked below the key 10,400-mark to touch a low of 10,336.30, before finally ending 15.95 points, or 0.15 per cent, down at 10,410.90.
The BSE Realty, Power and Metal index gained 1.7% each at 5,208, 2,660 and 12,476, respectively. The market breadth was fairly positive - out of 2,718 stocks traded, 1,666 advanced, 969 declined and 83 were unchanged on Wednesday. Reliance Communications surged 3.8% to Rs 415, and Bharti Airtel rallied 3% to Rs 815.
Significant weakness in banking, metal and technology stocks saw the index slide to a low of 15,125 - down 455 points from the day's high. The Sensex recouped some losses but eventually ended with a loss of 292 points at 15,212. The NSE Nifty shed 68 points to settle at 4,552.
Discarding a weak economic growth number, markets today rose for the fourth straight day with BSE Sensex gaining 169 points to close at a new 19-month high on hopes of imminent rate cut to revive the slowing economy.
The index rising for the fourth straight session surged 564 points.
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
Bank shares were the top losers after sharp gains last week.
Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.
The broader NSE Nifty gained 22 points to 10,480.60
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Better-than-expected quarterly earnings by select index heavyweights, easing of US-EU trade tensions and firm foreign capital inflows boosted investor sentiment, brokers said.
The broader 50-issue NSE Nifty slipped from its record closing, shedding 2.30 points or 0.02 per cent to end at 11,132.00.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
The Sensex touched a high of 15,798, and finally ended with a gain of 403 points (2.6%) at 15,760. The NSE Nifty was up 122 points at 4,746. The BSE Realty index surged 4.8% to 7,713. New entrant Jaiprakash Associates soared nearly 8% to Rs 236. Reliance Energy, DLF, ICICI Bank, Satyam, Reliance Communications, TCS, Infosys & Tata Steel were gainers on Friday. Bharti Airtel, M&M, Ambuja Cements & Maruti were notable losers. Reliance Natural Resources topped the value charts.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
Markets have suddenly extended losses and is at the day's low. The Sensex has slipped 175 points at 17,346. Nifty is down 50 points at 5,267.
Sensex ended strong, Tata Steel, HUL climb higher.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
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Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
The NSE 50-share after moving between 10,309.85 and 10,261.50 on alternate bouts of selling and buying, finished at 10,298.75, with paltry gains of 15.15 points, or 0.15 per cent.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 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.
The Sensex opened marginally higher at 14,415
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
Investors booked profits after strong 641-point rally in the previous two sessions, brokers said.
Participants are eyeing the Bihar elections.
The markets have opened strong today and Sensex crossed 14000 level
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.