With inflation down, the government's twin deficits are largely under control.
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
It was the second straight week of gains for the benchmarks.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
The government is seeking to keep its fiscal deficit within the budgetary target of 4.8 per cent of GDP.
At India Economic Convention organised by India Foundation, Parekh said the country needs $1 trillion in the 12th Plan of which 47 per cent was to come from private sector, but it has not happened in the first two years of the Plan period.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
The NSE Nifty went past the 8,600-mark for the first time since November 1.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Banks and realty among the most hit on account of high borrowing costs.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Risk sentiment received a boost after eight core sectors grew to a five-month high of 4.9 per cent in August
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
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Banks, real estate and metal scrips among the top losers.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
This is the BJP's first full-year Budget.
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.
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