Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Sesnsex ended the day flat on heavy selling pressure.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
There are few strategies to invest safely in a volatile market.
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.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Market breadth is positive with 942 advances and 196 declines.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Bank of Baroda ended flat after sharp gains in the previous session.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Markets snapped two-day losing streak and ended flat with a positive bias on Tuesday as gains in auto shares helped offset losses in IT majors.
Most Asian markets were trading weak on Monday.
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.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Metals bucked the trend and shone across the board.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
ONGC was the top performer while private banking major ICICI Bank extended gains
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Gains were led by index heavyweights Reliance Industries and Infosys.
Jaitley said a very large number of reforms have taken place over the last few years and that has helped in restoring the credibility of the Indian economy
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Bank shares were the top gainers led by ICICI Bank.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Indian equity markets registered their highest single-day percentage gains since early October.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
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.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
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