State Bank of India, UltraTech Cement, Nestle, Wipro and Power Grid were among the major laggards.
Despite the RBI’s repo rate hike by 50 bps, which was on the higher side of the expectations, India’s equity market remained stable and managed to close in green on Friday.
In the Sensex pack, Mahindra & Mahindra, Reliance Industries, Dr Reddy's Laboratories, Tech Mahindra, Tata Steel and Larsen & Toubro were among the gainers.
Among the Sensex pack, Larsen & Toubro, HCL Technologies, Infosys, Tech Mahindra, IndusInd Bank, Asian Paints, Bharti Airtel and Tata Steel were the biggest gainers.
The markets recovered after selloffs, Sensex had slumped by 2,943.02 points or 5.41 per cent while the Nifty 50 of the National Stock Exchange crashed by 908.3 points or 5.6 per cent.
Kotak Bank was the top loser in the Sensex pack, skidding about 4 per cent, followed by Bajaj Finance, HDFC twins, Reliance Industries, Wipro, Infosys, Tech Mahindra, Tata Steel and TCS.
From the Sensex pack, Bharti Airtel, ITC, Reliance Industries, Asian Paints, IndusInd Bank, ICICI Bank and Kotak Mahindra Bank were the major laggards.
In tandem with weak equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,08,291.75 crore to Rs 2,54,33,013.63 crore.
From the Sensex pack, Titan, Dr Reddy's, Larsen & Toubro, HUL, Asian Paints, Bajaj Finance, TCS and Nestle were the biggest laggards.
Wall Street futures were lower after the benchmark S&P 500 index rose 0.3 per cent on Monday and the market price of a 10-year Treasury bond fell.
From the Sensex pack, IndusInd Bank, Nestle, Kotak Mahindra Bank, Reliance Industries Limited, NTPC and HDFC were the prominent gainers in early trade.
After surging over 200 points in early trade, the 30-share BSE benchmark turned volatile and was trading 27.41 points or 0.05 per cent lower at 57,184.21 in early deals.
Meanwhile, retail inflation soared to a 17-month high of 6.95 per cent in March, and remained above the Reserve Bank's upper tolerance level.
From the 30-share pack, NTPC, Power Grid, Tata Steel, Mahindra & Mahindra, HDFC Bank and Kotak Mahindra Bank were among the lead gainers.
Among the 30-share pack, UltraTech Cement, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC, IndusInd Bank, Bajaj Finserv and ICICI Bank were among the lead gainers in early trade.
Experts say that usually such range-bound moves end in a decisive move either side, but this time the bias is towards a downward move.
From the 30-share pack, Kotak Mahindra Bank, Titan, ICICI Bank, HDFC Bank, HDFC, IndusInd Bank, Bajaj Finance and Axis Bank were the major drags in early trade.
Dr Reddy's Laboratories, Sun Pharma, Bajaj Finance, IndusInd Bank, Reliance Industries Limited, SBI, Axis Bank, ICICI Bank and Kotak Mahindra Bank were the lead gainers in early trade.
HDFC was the top gainer in the Sensex pack, climbing 3.35 per cent, followed by Axis Bank, IndusInd Bank, Bajaj Finserv, HDFC Bank, ICICI Bank and Bajaj Finance.
From the 30-share Sensex pack, Hindustan Unilever Limited, Tata Steel, State Bank of India, Axis Bank, IndusInd Bank, Bajaj Finserv, Nestle and Maruti Suzuki India were the biggest gainers.