Vedanta, Mahindra & Mahindra and ONGC closed as the top gainers in the Sensex index, whereas Bharti Airtel, Infosys and Tata Motors emerged as the top losers in the index.
Among the secondary indices, BSE Midcap outperformed Sensex, rising 0.44 percent while Smallcap index underperformed, ending with a mild gain of 0.12 percent.
The secondary indices underperformed the benchmark. BSE Midcap and Smallcap indices ended 0.24 percent and 0.38 percent up, respectively.
Bharti Airtel, Reliance Industries, Hindustan Unilever and HCL Technologies settled as the top gainers in the Sensex index while IndusInd Bank, Yes Bank, Tata Motors, Vedanta and ICICI Bank emerged as the laggards.
Among secondary barometers, BSE Midcap and Smallcap indices climbed 1.38 percent and 0.66 percent, respectively, underperforming the Sensex.
After opening lower, key indices moved higher and traded with decent gains for the most part of the day. However, the market failed to hold the gains as a fresh wave of selling emerged in the fag end, causing it to settle with losses.
In the last four sessions, investors have lost Rs 3.85 lakh crore as the overall market capitalisation of BSE-listed firms dropped to Rs 1,44,60,517.42 crore from Rs 1,48,45,854.70 crore on Sept 26.
Investors kept their bets low amid lack of fresh triggers at home and mixed global cues, while rupee's slide against the US dollar weighed on sentiment.
The 30-share Sensex closed the day with a loss of 167 points, or 0.43 percent, at 38,822.57, with 20 stocks in the red.
Nifty ended September series at 11,571 with gains of nearly 6 percent, forming a bullish candle after forming red candles in the last three consecutive expiries.
The Nifty took a pause today to get a breather after the sharp gains over the last couple of sessions. The index consolidated in a narrow range above the key Fibonacci level and ultimately formed a Doji on the daily chart.
The strong gains of the last two sessions have made investors richer by Rs 10.35 lakh crore as the cumulative market capitalisation of BSE listed firms has jumped to Rs 1,48,89,652.44 crore from Rs 1,38,54,439.41 crore on September 19.
Sensex closed with a massive gain of 1,921 points, or 5.32 percent, at 38,014.62.
The Nifty index closed at 10,704.80, down 136 points, or 1.25 percent, with 7 stocks in the green and 43 in the red. The index managed to hold 10,700-mark but ended at the lowest level since February 19.
Brent crude fell by nearly 6 percent and erased some of the previous day gains after Saudi Arabia said that 50 percent of daily oil production has been restored post the drone attacks.
Global crude oil prices eased slightly but remained on the elevated levels while the threat of retaliation over the attacks on Saudi oil facilities kept investors on tenterhooks.
The drone attacks on key oil producer Saudi Arabia’s crude facilities over the weekend spooked investors as it triggered fresh worries of geopolitical tension.
Sensex closed the day at 37,384.99, up 281 points, or 0.76 percent, with 25 stocks in the green and five - Bharti Airtel, Sun Pharma, HDFC Bank, ITC and Hindustan Unilever - in the red.
The five-day gains in Nifty and three-day rally in Sensex came to a halt after a fresh wave of selling emerged hours before the government data could show the country's retail inflation prints for August and industrial production data for July.
The market is awaiting good news from the Finance ministry which may be in terms of stimulus. The recent upswing we have seen is on the back of the same.
The Nifty index settled at 10,946.20, up 98 points or 0.91 percent. Among the 50 stocks in the index, 35 logged gains.
BSE Midcap and Smallcap indices outperformed benchmark Sensex, ending 0.15 percent and 0.72 percent up, respectively.
Investors took money off the table as worries over the deteriorating health of the domestic economy continued weighing on their risk appetite.
BSE Midcap and Smallcap indices underperformed benchmark Sensex, closing with losses of 0.92 percent and 0.64 percent, respectively.