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 market breadth, indicating the overall health of the market turned negative from positive
Rise in investor sentiment, return of risk appetite aid shares across the board
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.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
The winter session of Parliament will commence on November 26.
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
Banks stocks continued to trade weak along with FMCG major ITC.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
