Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Attorney General G E Vahanvati has complained to the Delhi police over a hoax call he received from a woman imitating Congress President Sonia Gandhi regarding some high profile cases in the Supreme Court following which a police probe has begun.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Asian shares ended higher after a string of positive US economic data.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
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.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The Survey shows fiscal consolidation despite slowdown in growth.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
CBI has also named unknown officials of the union environment ministry in the PE.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The broader markets also ended lower in line with the benchmark indices
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
In the near term, the key driver will still be the government's fiscal spending.
Observing that climate change has become an urgent concern across the globe, Prime Minister Manmohan singh said on Friday ways and means should be developed to reduce India's carbon footprint as it would be among the nations to be 'most seriously' impacted.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The list is of companies declared sick as on March 31, 2014.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
There isn't much Budget could do directly to help sectors.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Re-instatement of 5% custom duty on crude imports will help.
Sensex closed the day 416 points higher.
'These are only passing clouds. The banking industry is a century-old industry and this is not the first time it is going through such a crisis.' 'When the economy revives, those companies that are in the infrastructure fields will also get revived.' 'After all, a lot of money has gone into creating assets like power projects and roads, so you can't say money has been wasted.'
Also says PSU banks divestment to be considered after improvement in governance
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
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