Market participants are now awaiting Thursday's meeting of the European Central Bank
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Financials and auto stocks were the top losers while energy and IT shares recovered
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
A summary of sports events and persons who made news on Tuesday
The rally in most of these stocks is partly attributed to impressive financial performance.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The battered rupee gained 225 paise to 66.55 against the dollar today, the most in at least 15 years, after the Reserve Bank of India eased pressure in the currency market by starting a facility for state-run oil refiners to buy foreign exchange.
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.
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Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Technical rallies and short covering may arise only if the markets break this 500 point band
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
These are companies with a strong track record and good prospects on earnings.
Gains were led by index heavyweights Reliance Industries and Infosys.
Given the developments, analysts do not foresee a quick recovery.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Investors will remain cautious ahead of F&O expiry.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Volatility might continue as the Chinese market is expected to open sharply lower, following a long break
ONGC was the top performer while private banking major ICICI Bank extended gains
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Analysts say no pressure on new CEO for immediate results.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Investors accumulated quality stocks at valuable and attractive levels.
There are a few factors that can spoil the party
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
It will be available from April 24.
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
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