Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
Investors booked profits after strong 641-point rally in the previous two sessions, brokers said.
Top losers include Hero MotoCorp, HDFC, SBI, Infosys, HCL Tech, ICICI Bank, Bajaj Finance, ONGC, Bajaj Auto and IndusInd Bank, falling up to 2.63 per cent.
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The Sensex swung over 660 points both ways on alternate bouts of selling and buying before closing the day higher by 97.39 points, or 0.28 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Let's not get carried away by stocks like D-Mart, Jubilant Foods and all those companies that are trading at an expensive valuations.'
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
Of these, three stocks belong to the automobile pack and two are from the pharma.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
On the macroeconomic data front, PMI data on manufacturing and services sector will also influence trading
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
This is the highest closing for both the indices since May 15.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
Earning woes drag markets lower; TCS, HUL lead fall.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
The BSE Sensex jumped 70.42 points to end at 34,503.49, while the broader NSE Nifty finished at 10,651.20, up 19 points.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
Sensex, Nifty end the day in red ahaead of F&O expiry.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Only six sectors are likely to report good set of numbers in Q4 FY15.
The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.