Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
The NSE Nifty also moved up by 12 points to 8,648.35.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Oil & gas, banking and pharma sector stocks stole the show
Broader market outperformed the frontline indices and also hit their respective all-time highs
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Bond issuances dipped 31.4% during January-June
Sebi also ordered freezing the voting rights and corporate benefits of promoters of these companies.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The NSE Nifty went past the 8,600-mark for the first time since November 1.
The S&P BSE Sensex plunged 128 points to end at 25,102.
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.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
In a departure from its stand, the government has decided to go ahead with the privatisation of the four airports.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
The depreciation in the yuan has led to a decline in all emerging market currencies
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Out of 30 Sensex shares, 19 ended lower while 11 gained
The S&P BSE Sensex surged 217 points to end at 25,736.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
The broader NSE index has fallen about 0.9% as investors wait for corporate results
The winter session of Parliament will commence on November 26.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.