The 30-share Sensex ended down 90 points at 19,429 after hitting an intra-day low of 19,398 and the 50-share Nifty ended down 40 points at 5,881 after touching an intra-day low of 5,871.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
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.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
A majority of economists predicted RBI Governor Raghuram Rajan would leave policy rates unchanged on Tuesday and expected a dovish commentary, as crude oil prices and inflation cool off.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
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.
Sensex closed the day 416 points higher.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
At 9.5% of sales, Zara offers the best revenue share to Mumbai's posh Oberoi mall. This is the highest revenue share offered by any fashion retailer for an anchor position in a mall.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
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.
Banks and realty among the most hit on account of high borrowing costs.
The 30-share Sensex, after opening on a strong footing, continued its upward march to hit an all-time high of 35,827.70. The NSE Nifty also hit a record intra-day high of 10,975.10, before finishing at 10,966.20, up 71.50 points.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
It is expected to bring transparency and reinstate consumer faith in the industry, says Brotin Banerjee.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
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
A mixed global trend and weakness in rupee influenced the sentiments during the day.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
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.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Bank of Baroda ended flat after sharp gains in the previous session.
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
However, IT stocks fell on weak growth forecast by Gartner
Markets closed the day in green on favourable domestic factors,
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.