The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
The BSE Midcap and Smallcap indices have performed better than the front-liners
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
The broader markets, however, outperformed their larger peers.
Sector-wise, the study revealed that the core industries have witnessed virtually negative growth in headcount, with crude oil just about maintaining the employment level.
However, on the NSE, both ITC and Infosys had equal weight of 8.77 per cent.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
The markets have opened strong in morning session as FMCG, telecom, oil, banking, power, metal and some technology stocks
Financials were the top losers after sharp gains in the previous session along with ITC
The markets were flat in the opening trade but failed to sustain small gains as Asian peers were trading lower.
The Sensex, which dropped to a low of 12,941, is now up 10 points at 12,972
The cigarettes segment had a revenue of Rs 4,554.21 crore during the second quarter of the current fiscal, as against Rs 8,528.47 crore in the year-ago period, down 46.56 per cent.
Banks stocks continued to trade weak along with FMCG major ITC.
The markets opened in green tracking its Asian peers
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
Shares of power, IT, tech, utilities and capital goods firmed up
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
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
Investors booked profits at higher levels with oil shares leading the decline
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
Investors watch out for cues from the on-going winter session of the Parliament.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
There are jobs for MBA graduates, particularly in sales, FMCG, telecom and consulting areas. The jobs, according to industry experts, are unfolding in new areas and domains in Tier-II and-III cities and in rural areas. Treating the first job as an extension of the college would be the best approach with the job situation in today's market. Good academics, soft skills, computer skills and learning on the job would be the primary requirements for candidates to find a job.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
The 50-share NSE Nifty slipped below the 8,200-mark to touch a low of 8,154.45, but settled at 8,170.80, down 90.95 points, or 1.10 per cent
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
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