The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
There are few strategies to invest safely in a volatile market.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Experts believe that one should not allocate more than 5-10 per cent of one's equity portfolio to international funds.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
'When the war against Ukraine that Putin started is not going the way he was expecting it to and his military options are getting onerous, a bit of nuclear sabre rattling is what he hopes will turn things around for him and Russia.'
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Investors accumulated quality stocks at valuable and attractive levels.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Sensex closed the day 416 points higher.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
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.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Here are 10 photographs that prove that it's a mad, mad, mad, mad world out there!
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
A Chinese magnate has agreed to buy historic English football club Aston Villa, the latest in a series of investments from China into football worldwide as President Xi Jinping looks to make the country a global powerhouse in the sport.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
Kotak Bank was the top laggard in the Sensex pack, shedding over 2 per cent, followed by ITC, PowerGrid, M&M, HDFC, Asian Paints and NTPC. On the other hand, Maruti rallied over 4 per cent. Bharti Airtel, Axis Bank, IndusInd Bank and Bajaj Finance were also among the gainers.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.