FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Custodian banks are selling dollars for their foreign fund clients.
The Chinese economy is not collapsing, it is shifting to different growth drivers which the old metrics used to judge China do not pick up.
The NSE Nifty also moved up by 12 points to 8,648.35.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
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.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
Traders are waiting for the earnings season to kick off.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
ONGC was the top performer while private banking major ICICI Bank extended gains
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
IDS-2 and raids to uncover black money stash keep receipts flowing
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
'India needs to adopt a more proactive policy of triggering exports to China.'
RBI's surprise rate cut has revived sentiments of India Inc.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
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