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 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
The Sensex ended below 28,000 for the second straight day at 27,869.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
Meanwhile, IT index continues to be the top loser down 3.8%. Financial stocks witnessed renewed buying interest at lower levels.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The rally in index heavyweight ITC has boosted the sentiment across the board.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Sensex in green, JSW climbs higher.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Auto and realty shares were among the top Sensex gainers.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
Markets ended at record closing highs for the second day in a row on institutional buying.