Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Sensex seems to be under pressure on weak cues.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
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 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Sensex is under pressure due to concerns in the global market.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
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.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
The NSE Nifty also moved up by 12 points to 8,648.35.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Infosys, Wipro and HUL among the top losers for the day.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
A mixed global trend and weakness in rupee influenced the sentiments during the day.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Financials are the top gainers along with index heavyweights.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
The rupee fell to a two-year low of 64.84 against the US dollar.
The breadth was neutral with 1,329 advances and 1,320 declines.
Sun Pharma stock has appreciated at 35% a year for 20 years
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
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