BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
Markets end higher ahead of Fed outcome, China stimulus
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
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.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
The Congress on Wednesday approached the Supreme Court challenging the Delhi high court's verdict holding it along with the Bharatiya Janata Party prima facie guilty of violating the foreign funding law by receiving donations from United Kingdom-based Vedanta Resources' subsidiaries.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
The Delhi high court on Friday reserve its order on a Public Interest Litigation alleging that the Congress and the Bharatiya Janata Party received funding from subsidiaries of United Kingdom-based Vedanta Resources in violation of various Indian laws.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
China has cast a long shadow on India's economy.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
India Inc did not perform well during December quarter.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.