The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
Financial shares were among the top gainers with HDFC leading the gains.
Amit Shah's net worth grew 32 per cent to Rs 37.91 crore, mainly due to 80 per cent appreciation in the market value of his securities.
Investors' wealth eroded by a massive Rs 8,21,666.77 crore on Monday as the market saw a massive sell-off not seen in many months. The BSE benchmark Sensex plunged 1,170.12 points or 1.96 per cent to close at 58,465.89. This is the worst single-day drop for the gauge in over seven months. This was also the fourth straight session of decline for the Sensex.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
The market breadth, indicating the overall health of the market turned negative from positive
Weak monsoon forecast rekindled fears of higher inflation.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries:
The S&P BSE Sensex has gained 149 points to open at 25,802.
The S&P BSE Sensex plunged 128 points to end at 25,102.
Sesnsex ended the day flat on heavy selling pressure.
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
The rally in most of these stocks is partly attributed to impressive financial performance.
Sensex is trading firm; FMCG, real estate going strong.
Sensex,Nifty to remain under pressure through the week.
The 30-share Sensex ended in the red.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
The BSE Mid-Cap index was currently down 1.25%
Bharti Airtel was the top gainer in the Sensex pack, rising around 4 per cent, followed by Tech Mahindra, HDFC, Kotak Bank, M&M and HCL Tech. NSE Nifty advanced 21.85 points to 16,280.10.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
The 30-share Sensex ended higher by 30 points.
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
NTPC was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr Reddy's and Tata Steel.
PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by HCL Tech, ONGC, M&M, Axis Bank, TCS, Reliance Industries and Infosys. On the other hand, Asian Paints, Titan, Tata Steel, Bajaj Finance and Bajaj Auto were among the gainers.
On the Sensex chart, IndusInd Bank, Tata Steel, ONGC, ICICI Bank and Kotak Bank were among the top losers.