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
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
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
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
The Nifty had hit its third successive record high of 7,922.70 today.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The Sensex ended lower on unfavourable cues.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
The BSE Mid-Cap index was currently down 1.25%
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Sensex ends belowe 26,800 on domestic concerns.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
The rupee had closed with a gain of 12 paise on Friday.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
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.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
Traders are closely watching the progress of the monsoon.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
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Investors indulged in profit booking at attractive and higher valuations
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
The Sensex opened with a negative gap of 50 points at 20,637, and dropped to a low of 20,438 points in early trades.
At first glance, the numbers show a mixed trend.
Investors took comfort from Finance Minister Arun Jaitley's statement, who underlined the need to have globally compatible tax rates to broad-base the economy
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
The 50-share NSE Nifty ended at 9,143.80, up 43 points, or 0.47 per cent, after moving between 9,153.15 and 9,109.10.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
The markets have opened in the red as global peers were down and heavy profit booking was seen in technology, metal, power, auto, cement and telecommunication stocks.