The 30-share BSE Sensex closed at 19,983.13, down 185.76 points or 0.92 percent and the 50-share NSE Nifty fell 48.65 points or 0.80 percent to settle at 6,027.30.
The Nifty Oct 2010 futures ended at a discount after long time.
Ambuja Cements, Hero Honda, Cipla, GAIL were among the top gainers with 1.94 percent, 1.91 percent, 1.83 percent, 1.57 percent up respectively.
Sesa Goa, Infosys, IDFC, Hindalco were among the top losers with 3.52 percent, 3.12 percent, 2.65 percent, 2.39 percent down respectively.
Sensex gains 100 pts; broader indices outperform
At 14:30 pm, the 30-share BSE Sensex was extremely volatile in trade though it rallied more than 100 points. While the broader indices continued to outperform markets.
Sell-off was seen in Infosys, TCS, ONGC, DLF< HDFC Bank, Sesa Goa, Tata Power and Tata Steel.
The Sensex was trading at 20280, up 110 points and the Nifty was at 6114, up 38 points.
The BSE Midcap Index was up 1.4pc and Smallcap up 1.2pc.
Nifty trades in narrow range; Infy, Tata, HCL slip
At 12:23 pm, the NSE Nifty was trading in a narrow range of 6060-6090 due to consolidation. Technology and FMCG companies' shares along with HDFC, Tata Power, Hindalco, IDFC and Sun Pharma were dragging the markets.
However, the markets were getting support from oil & gas, telecom, auto, healthcare and banking companies.
The Sensex was trading at 20182, up 13 points and the Nifty was at 6080, up 4 points.
The broader indices were outperforming benchmarks; the BSE Midcap and Smallcap indices rose 1pc each.
Top losers were Infosys, Tata Power and HCL Tech. While top gainers were Suzlon Energy, Ambuja Cements, ICCI Bank and Reliance Communication.
Nifty opens on positive note
The benchmark Nifty started the day on a strong note, reacting to pre-market opening session cues. Benchmarks turned volatile in trade and were consolidating around previous closing values.
At 9:30 am, the Sensex was trading at 20210, up 41 points and the Nifty was at 6087, up 11 points.
The CNX Midcap rose 55 points to 9372; about 700 shares advanced while 133 shares declined on NSE.
Reliance Industries, Sterlite Industries, Suzlon Energy, Bajaj Auto BHEL, HDFC Bank and Axis Bank were on buyers' radar.
However, HCL Tech, Infosys, TCS, ITC and HUL were witnessing selling pressure.