Most Asian markets ended with gains.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Auto stocks are weighing on the indices.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The rupee fell to a two-year low of 64.84 against the US dollar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
NTPC was the top gainer among the Sensex stocks, rising by 3.53 per cent. Coal India, ONGC and Sun Pharma also rose up to 2.41 per cent.
The record breaking spree was led by index heavyweights, financials and metal stocks.
The policy statement by the RBI governor is also expected to be upbeat.
The recovery was led by information technology exporters.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
Banks and realty among the most hit on account of high borrowing costs.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex