Banks, real estate and metal scrips among the top losers.
Metal shares were the top gainers with Hindalco up over 5%.
Positive cues from the global market front aided the rally.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Markets ended in green on rate cut hope.
Markets shrugged off RBI's neutral stance on key policy rates.
Markets crashed due to domestic worries; bluechip stocks tanked too.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
If it goes ahead, the combination would create the world's biggest exchange by revenue.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
Sensex, Nifty put up a good show in closing trade.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Their warning came on the last official day of campaigning before polling booths open at 7 am local time on Thursday with the final result expected early on Friday.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
The Indian indices also offer one of the lowest dividend yields.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Beijing did not announce expected policy support over the weekend
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
Investors accumulated quality stocks at valuable and attractive levels.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
However, IT stocks fell on weak growth forecast by Gartner
The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.