Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
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.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
His goal of 18 majors is in serious doubt, but five years after his precipitous fall from grace a rehabilitated Tiger Woods is entering the next phase of his career heading toward making another billion.
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
The breadth was neutral with 1,329 advances and 1,320 declines.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
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Banks, real estate and metal scrips among the top losers.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
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Index heavyweights were the top losers along with bank shares.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Markets climb higher tracking global cues.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
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The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Sun Pharma stock has appreciated at 35% a year for 20 years
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Caution prevailed across the bourses ahead of the Union Budget.
BSE Bankex and Telecom indices led the fall.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
However, IT stocks fell on weak growth forecast by Gartner
Jaitley's Budget has the potential to change the face of Modi's Bharat
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