The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
Both the indices ended at their highest levels since February 1.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Investors booked profits in recent gainers
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
Banking stocks dipped with Nifty PSU Bank index falling 1.7% after the government notified the ordinance that seeks to tackle non-performing loans in the sector.
It was the second straight week of gains for the benchmarks.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Buying activity was so strong that all the sectoral indices except IT and technology ended in the green, rising by up to 3 per cent
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
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 breadth, indicating strength of the market was strong
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
There were more than three losers against every gainer on BSE
The market breadth, indicating the overall health of the market was strong
On BSE, 1,826 shares declined and 982 shares rose, while a total of 194 shares were unchanged
On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
The bank remains on high alert to intervene if markets freeze.
Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The breadth, indicating the overall health of the market, turned negative from positive
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
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