China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
Market breadth continued to remain positive with 1,730 gainers and 1,116 losers on the BSE.
Markets continue to trade on a strong note in the late morning deals on the back of positive global cues and buying visible in the banking and capital goods stocks ahead of the Reserve Bank of India's (RBI) policy review which is due on Tuesday.
The broader NSE Nifty rose 32.15 points or 0.29 per cent to settle at 11,284.30.
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election half-way through his term.
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
Lupin was the top gainer after the USFDA cleared its Goa facility
Interest rate sensitive stocks gain ground post decision
Nifty ends above 8,600; Tata Motors, RIL top leaders
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Markets will remain closed today on account of voting for the general elections in Mumbai constituencies.
The broad-based Nifty slipped below the 8,600-level by losing 24.60 points, 0.28 per cent, to 8,590.65
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
During March, the rate of inflation slowed to the weakest in four months and was below the long-run survey average
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
The breadth, indicating the overall health of the market, turned negative. On the BSE, 1,581 shares declined and 1,246 shares fell. A total of 165 shares were unchanged.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
The 30-share BSE index reclaimed the 30,000-mark to trade at a new record high of 30,071.61 by surging 128.37 points, or 0.42 per cent. This surpassed the previous record high of 30,024.74 (intra-day) that the Sensex touched on March 4, 2015.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
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.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
For the seven months since February 2014, the benchmark index surged nearly 27%.
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