ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Bank shares were the top losers after sharp gains last week.
Asian shares ended higher after a string of positive US economic data.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
The Survey shows fiscal consolidation despite slowdown in growth.
Banks stocks continued to trade weak along with FMCG major ITC.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Metal shares were the top gainers with Hindalco up over 5%.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Sensex, Nifty put up a good show in closing trade.
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%.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
The FMCG index gained more than 1% on the back of stellar gains in ITC.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
Sensex seems to be under pressure on weak cues.
The Sensex ended in red on domestic concerns.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Custodian banks are selling dollars for their foreign fund clients.
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.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.