A mixed global trend and weakness in rupee influenced the sentiments during the day.
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
Market breadth is positive with 942 advances and 196 declines.
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
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.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Investors booked profits at higher levels despite the growth oriented Budget.
Bank of Baroda ended flat after sharp gains in the previous session.
The Nifty had hit its third successive record high of 7,922.70 today.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Markets shrugged off RBI's neutral stance on key policy rates.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Benchmark indices finished higher on hopes of economic reforms
However, IT stocks fell on weak growth forecast by Gartner
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
Sensex, Nifty end lower on global concerns.
Caution prevailed across the bourses ahead of the Union Budget.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Sensex ends lower; govt schemes in focus.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
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