Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
After a volatile session, Sensex closed the day 563 points lower
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
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.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
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.
Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
It is the rupee's biggest single-day gain this year.
The NSE Nifty went past the 8,600-mark for the first time since November 1.
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.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Participants are keenly waiting for the January IIP.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower