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 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
As coal stocks at thermal plants fall to critical levels, economic recovery could be hi.
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.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Moody's, which cut its FY14 growth estimate to 4.5 per cent recently, said economic growth will be lowest in a decade.
Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high.
Investors will keenly watch US Fed meet starting Tuesday
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
TCS heads top-10 ranking despite being sole loser; RIL, ITC take second & third place respectively
Investors watch out for cues from the on-going winter session of the Parliament.
The coal-scam has taken an important turn as the Central Bureau of Investigation has charge-sheeted former bureaucrat P C Parakh and industrialist Kumarmangalam Birla. The next big thing is to see that if the coal-blocks allotted, fraudulently, are cancelled or not either by Supreme Court or by the government as pre-emptive action.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
According to coal ministry officials, the Bill is likely to be introduced in the Lok Sabha on Wednesday. The Coal Mines (Special Provisions) Ordinance, 2014 was brought in October this year in the wake of the Supreme Court's decision cancelling 214 coal blocks.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
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.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
Coal requirement for the plant would be met through Coal India.
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.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
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.
It is domestic policy distortions and inaction to correct them that lie behind the large CADs.
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The upgrade comes after the domestic markets scaled their lifetime highs last week.
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.
In contrast, investors' wealth had surged by over Rs 1 lakh crore (Rs 1 trillion) to Rs 70,44,431 crore (Rs 70,444.31 billion) in 2013.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
'Can the Aam Aadmi Party challenge the BJP? Someday perhaps. But to set him up as a national alternative just now smacks of the very sin that Arvind Kejriwal admits brought him down in 2014 -- arrogance.'
However, TCS, ITC, Infosys, HDFC Bank, ICICI Bank and Sun Pharma added Rs 27k cr in m-cap
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
The S&P BSE Sensex dropped 207 points to end at 25,230.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
The blocks are Kunur mine in West Bengal, Morga South A, Morga South B, Meguli mines and Phutamera in Chhattisgarh, Dahegaon Dhapewada and Kalambi Kalmeshwar blocks in Maharashtra, Karanpura Mahuamilan mine in Jharkhand.