BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The rupee fell to a two-year low of 64.84 against the US dollar.
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Metals bucked the trend and shone across the board.
Bank shares were the top gainers led by ICICI Bank.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
Gains were led by index heavyweights with Reliance Industries contributing the most.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Gains were led by index heavyweights Reliance Industries and Infosys.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
Indian equity markets registered their highest single-day percentage gains since early October.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Markets shrugged off RBI's neutral stance on key policy rates.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
IIP for November 2015 and CPI for December 2015 will be announced today.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Investors accumulated quality stocks at valuable and attractive levels.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
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