The Sensex ended lower on unfavourable cues.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
This weakness is likely to continue in the near-term.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Auto stocks are weighing on the indices.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Sensex falls at close; metals, banks perform well.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
The Sensex ended below 28,000 for the second straight day at 27,869.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
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.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Auto and realty shares were among the top Sensex gainers.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Indian companies typically have higher return on equity.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
