The Sensex had bounced back with gains of 94 points or 0.3%
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
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 broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
Markets gained for the second straight session to kick-off the September F&O series on a robust note.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The Sensex ended in red on domestic concerns.
Positive cues from Asian peers also uplifted the sentiment.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Caution prevailed across the bourses ahead of the Union Budget.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
However, IT stocks fell on weak growth forecast by Gartner
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Technical rallies and short covering may arise only if the markets break this 500 point band
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.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.