Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Indian indices fell more than those of most other emerging markets.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Weakness in Infosys, L&T and Hindalco cap index gains.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Sensex firm on favourable GDP numbers for FY16.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Tata, Adani, Lanco to be hit as Indonesia may ban export of low-grade coal
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Investors booked profits at higher levels with oil shares leading the decline
The hike in clean energy cess is likely to impact input cost for thermal power producers
The FMCG index gained more than 1% on the back of stellar gains in ITC.
The index gained 572 points, or 2.4 per cent, this week while the Nifty added 164 points, or 2.3 per cent
The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
India Inc did not perform well during December quarter.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
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
The higher the tax bracket, better the yields for these instruments
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
The market sentiment was also impacted by mixed global cues as setbacks for a healthcare overhaul in the US raised doubts over prospects for a range of reforms backed by President Donald Trump.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
L&T, ONGC and banking scrips power gains in today's trade
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
ITC, Infosys, Wipro and HDFC Bank among the major losers.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
If the power plants are reporting low coal stocks with them, it is largely because they have improved their power generation to meet higher demand.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.