Sun Pharma, Tata Steel, Yes Bank and UPL gained the most on both indices, while Asian Paints, Infosys, and GAIL were the top losers.
Sun Pharma, Adani Ports, and Aurobindo Pharma were the top gainers, while Dr Reddy’s Labs, ONGC and BPCL lost the most.
TCS, HCL Tech, Tech Mahindra and ITC were the top gainers, while Sun Pharma, IndusInd Bank, and Hindalco lost the most.
Benchmark indices slipped more than 1.5 percent in three consecutive sessions, and lost around 7 percent in three weeks from all-time record closing highs on January 29, 2018.
Fortis Healthcare, Bhushan Steel, Amtek Auto, Kaya and JSW Energy gained 1-5 percent.
Union Bank, Allahabad Bank, Bank of Baroda, Syndicate Bank, Bank of India, Indian Bank and Bank of Baroda shares declined 4.5-7.5 percent.
PSU Bank index slipped 2 percent as total exposure announced by PSU banks so far has been more than Rs 8,500 crore to PNB fraud case.
Markets spirited attempt reclaim its stature after two weeks of slump were frustrated by Punjab National Bank (PNB) fraud shocker as both the BSE Sensex and Nifty managed to close the week flat at 34,010.76 and 10,452.30 marginally down, respectively.
Both benchmark indices closed flat for the week, after losing nearly 6 percent in previous two weeks.
Punjab National Bank lost another 2 percent on top of 21 percent fall in previous two consecutive sessions. Gitanjali Gems tanked 19 percent on top of 20 percent correction in previous session.
PNB shares lost another 13 percent after detecting transaction fraud of Rs 11,333 crore in a Mumbai branch.
PNB fell over 11 percent after management gave clarification over transaction fraud worth Rs 11,333 crore.
The broader markets also erased gains in last hour of trade but managed to close the session with minor gains as BSE Midcap and Smallcap indices gained 0.2 percent each.
Voltamp Transformers, NRB Bearings, Kolte-Patil, DLF, IOL Chemicals, Ester, Dilip Buildcon, NMDC, Britannia Industries, Ashok Leyland and Minda Industries gained 1-4 percent whereas JK Tyre and Motherson Sumi lost 2-4 percent post earnings.
FIIs pulled out Rs 814 crore from Indian equity markets on Monday while DIIs invested Rs 1,342 crore in the previous trading session.
All sectoral indices ended in the green barring IT and PSU Bank, as bargain hunting continued.
NALCO, Oil India, Bata India, Sun TV Network, Marico and Amara Raja Batteries rallied 3-7 percent.
The broader markets, however, outperformed frontline indices. The Nifty Midcap ended with 0.2 percent gains. About 1,400 shares advanced against 1,358 declining shares on the BSE.
The Nifty Midcap index extended gains to 0.33 percent.
Strong stock specific moves post earnings, and short covering as well as bargain hunting propelled the market higher today, experts said.
Banking & financials, technology stocks and Reliance Industries led the market higher while cement and pharma stocks were strong in trade.
The 30-share BSE Sensex rebounded 470 points in the opening trade, which was in line with the global recovery.
The market breadth remained positive. About four shares advanced for every share falling on the BSE.
The market recovered more than half of losses in later part of the session driven by private banking & financials.
Lupin and Tata Motors were biggest losers among Nifty 50 stocks, falling more than 5 percent post weak earnings.