Kotak Mahindra Bank, ONGC, Asian Paints, Axis Bank & Powergrid were top losers on the Sensex.
Indices closed lower for the third straight session on Tuesday. At close, Nifty50 was down 19 points to end at 14,910.
Sensex jumped 300 points to 50,675 and the broader market index Nifty50 opened at 15,006 up 77 points.
Most analysts have given Kalyan Jewellers IPO 'Subscribe' for a long term rating on the back of brand recall and a strong pan India presence.
On an intraday basis, Sensex plunged 993 points to 49,799, while the Nifty50 index touched 14,745 on the lower side.
Most experts suggest booking profits in MTAR Technologies as the valuations look expensive.
Shares of MTAR Technologies opened for trading at Rs 1,050 on the National Stock Exchange, compared to the issue price of Rs 575, marking a premium of
Sensex fell 130 points to open at 50,661; while the broader market index Nifty50 opened at 14,992 losing 38 points.
In the ranking of the most valued firms, Reliance Industries was ruling the chart followed by TCS, HDFC Bank Ltd, Infosys, Hindustan Unilever Limited,
On an intraday basis, Sensex swung 1,283 points and the Nifty fluctuated 383 points.