Financials were the top losers while oil shares also declined amid weak crude oil prices.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Metal shares were the top gainers with Hindalco up over 5%.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Sensex, Nifty end lower on global concerns.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Sensex, Nifty put up a good show in closing trade.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Monsoon is expected to be normal in June.
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
A rapid fall in crude oil prices has meant the RBI is a year ahead of its inflation-targeting schedule
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Markets rallied because of huge inflows by overseas investors.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.