Financials were the top losers while oil shares also declined amid weak crude oil prices.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
HDFC and Barclays Bank on Monday announced they will exit their joint venture Intelenet Global Services by selling stakes to SKR BPO Services, co-owned by Blackstone GVP Capital and Intelenet management, for an undisclosed amount.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
HDFC worst hit with Rs 9,177 cr erosion; Sun Pharma only firm to have come out a gainer
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Aditya Puri thinks the government is on track.
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