Sensex closed at 59,919.69, down 433.13 points or 0.72%, while the Nifty declined 143.60 points or 0.80% to end the day at 17,873.60.
Sensex rallied 477.99 points or 0.80% to end at 60,545.61, while the broader Nifty closed at 18,068.55, up 151.75 points or 0.85%.
The broader market also witnessed sell off. The S&P BSE Mid-Cap index fell 1.38% while the S&P BSE Small-Cap index declined 1.56%.
ITC, rising around 3% was the top Sensex gainer followed by HDFC Bank, PowerGrid, ICICI Bank, IndusInd Bank and NTPC
The Nifty rose 169.80 points, or 0.94 percent, to 18,161.75, a record closing high.
Overall market breadth was positive as 1,952 stocks on the BSE advanced, while 1,481 declined and 159 remained unchanged
Overall, market breadth was positive as 1,847 stocks advanced on the BSE, while 1,458 declined and 148 remained unchanged
Overall market breadth was positive as 2,216 stocks advanced on the BSE, while 1,084 declined and 143 remained unchanged
Overall, the market breadth was negative as 1,847 stocks on the BSE declined, while 1,443 advanced and 156 remained unchanged
The overall market breadth was positive as 2,333 stocks advanced on the BSE, while 1,016 declined and 192 remained unchanged