Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
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Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Many are now cheaper after stock splits. But look at key parameters
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Analysts say that the focus now shifts to global events
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
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
The S&P BSE Sensex surged 217 points to end at 25,736.
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.
Markets opened marginally higher helped by a rebound in index heavyweights
This surpassed its previous record close of 29,974.24, reached on April 5.
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
Markets end in red; bluechips struggle to keep pace.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
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.
D-Street is hoping RBI policy review meeting on Tuesday will uphold its stand on easing of interest rates
Sensex, Nifty end the day in red ahaead of F&O expiry.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
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.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Broader markers outperformed their larger peers.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
Tracking gains in bluechip stocks, investors were also seen building up position in broader markets, lifting the small-cap and mid-cap indices by 0.83 and 0.15 per cent
Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Banks will need more funds, as they have to provide more capital.