Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
The broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06 per cent, to end at 10,530.
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
The NSE Nifty went past the 8,600-mark for the first time since November 1.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Investors booked profits in recent gainers
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
This surpassed its previous record close of 29,974.24, reached on April 5.
In 2013, the fall in international gold prices was 28 per cent.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
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.
For Sweta, this was the worst ever performance despite winning the gold in women's 10m air pistol finals.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
This makes him corporate India's biggest donor to society.
Sensex, Nifty end lower on global concerns.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
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.
Caution prevailed across the bourses ahead of the Union Budget.
The boxers hardly broke a sweat while scooping all the seven gold medals up for grabs, while the shooters ended their campaign with an outstanding tally of 25 gold medals to ensure India's reign at the top remained unchecked in the 12th South Asian Games in Guwahati on Monday. On the penultimate day of competition, the Indian was perched at the top with 289 medals (173 gold, 86 silver and 30 bronze).
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Mark Mobius, executive chairman, Templeton Emerging Markets Group, is positive on India and believes the Indian economy is on a strong footing
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