Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
This weakness is likely to continue in the near-term.
Markets end higher ahead of Fed outcome, China stimulus
Sensex falls at close; metals, banks perform well.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
The Politburo Standing Committee -- the most powerful body in China -- is unveiled, but in a break from Communist party convention, no successor to Xi Jinping is named.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
Gains were led by index heavyweights with Reliance Industries contributing the most.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
Nifty snaps 10-day winning streak
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
Movement of rupee and crude oil prices will also dictate the trend
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
FIIs pump in Rs 2,075 crore in past three trading sessions.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
Sensex seems to be under pressure on weak cues.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
'India needs to adopt a more proactive policy of triggering exports to China.'
'As China rises and India grows to reclaim their earlier positions on the world stage as two of the largest economies and most important countries, there will indeed be some contention between these two powers.' 'There will also be plenty of space and room for cooperation amongst the two of us.' 'As our economic size increases to match the fact that we are the two most populous nations on earth, it will be all the more important for us to keep the interests of our peoples as well as those of the rest of the world in mind.' 'We shall have to grow together rather than as separate and disparate entities,' points out Ambassador Gautam Bambawale -- who served as India's ambassador to China -- in the 7th annual lecture of the Indian Association of Foreign Affairs Correspondents on March 1, 2019.
Global investor and author Jim Rogers, who recently sold his India investments, talks about his disappointment with Prime Minister Narendra Modi's economic reforms, why he is betting big on the US dollar and the Chinese Renminbi and what will bring him back to India some day.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
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