The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
Investors booked profits after strong 641-point rally in the previous two sessions, brokers said.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Large-cap scrips are still trading at a discount to mid-caps.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
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Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
Invests $1.1 billion in 6 months, against $3.7 billion in 20 years
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
Index heavyweights were the top losers along with bank shares.
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
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This surpassed its previous record close of 29,974.24, reached on April 5.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Benchmark indices finished higher on hopes of economic reforms
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
Investors will remain cautious ahead of F&O expiry.
Metal shares were the top gainers with Hindalco up over 5%.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
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.
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