Investors booked profits at higher levels with oil shares leading the decline
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
The Sensex ended below 28,000 for the second straight day at 27,869.
Sensex ended strong, Tata Steel, HUL climb higher.
FIIs pump in Rs 2,075 crore in past three trading sessions.
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The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.