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 broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
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 by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
The euro climbed 1.3 percent against the yen to 135.60 and added 0.7 percent against the dollar to trade at $1.1115.
Japan will offer more than $8.11 billion in loans to construct India's high speed rail network.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
The broader markets also ended lower in line with the benchmark indices
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
ITC, Infosys, Wipro and HDFC Bank among the major losers.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
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 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.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
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.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
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 Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Firms hired additional hands to keep up with the production demand
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
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.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
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.
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The breadth, indicating the overall health of the market, was slightly positive
For the seven months since February 2014, the benchmark index surged nearly 27%.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent