US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
Private participation remains lacklustre.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Says operating environment for Indian corporate sector has improved during FY15
The manufacturing sector now contributes about 16-17 per cent to the GDP
The market sentiment was also impacted by mixed global cues as setbacks for a healthcare overhaul in the US raised doubts over prospects for a range of reforms backed by President Donald Trump.
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.
The Cabinet Committee on Economic Affairs last month allowed ONGC and Oil India Limited to tap shale resources in blocks allotted to them on a nomination basis.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Prayas Jain has been arrested for allegedly buying secret documents.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
This surpassed its previous record close of 29,974.24, reached on April 5.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
The Street expects lower earnings from RIL's shale business to be offset by the sharp uptick in refining margins and the gradual improvement in petrochemical earnings.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The year 2015 is likely to see an average pay increase of 11.3 per cent across job roles.
In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater blocks in an international tender, according to Myanmar's Energy Ministry.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
The company is pursuing the early scheduling of gas with the Centre to restart generation.
Sensex, Nifty end the day in red ahaead of F&O expiry.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
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