However, the BSE index could not sustain its gains for long and slipped into negative zone in the early morning deals, on the back of selling pressure in bankex, auto and FMCG shares.
Thereafter, the Sensex rebounded into positive zone and touched a high of 21,045 in the morning trades, due to fresh buying in realty, IT and Consumer Durables stocks.
Further, the Sensex seen traded with notable gains for some part of the trading session.
But, soon the BSE Sensex slipped into red, owing to selling pressure in select index heavy weights.
Later, the BSE benchmark index extended its losses and tumbled to a low of 20,861 in the late trading session.
The Sensex finally ended the day with notable losses down 79 points at 20,894.
The NSE Nifty was down 38 points at 6,215.
The broader markets ended the day on a mixed note. The BSE Midcap index has moved down 0.2 per cent at 6,287 and the BSE Smallcap index has rallied 0.8 per cent at 6,099.
Among the sectors, the BSE Consumer Durables index was the major loser down 2.2 per cent at 6,085. The Bankex plunged nearly 2 per cent at 12,891. The Realty index tanked 1.8 per cent at 1,362. The Metal index dropped nearly a per cent at 9,226.
On the other hand, the IT index jumped 1.4 per cent at 8,462. The Power index rallied 1.2 per cent at 1,636. The TECk index spurted a per cent at 4,802.
The market breadth was positive. Out of 2,602 stocks traded on BSE 1,310 advanced and 1,145 declined.
INDEX MOVERS & SHAKERS
SBI cracked 3.4 per cent to Rs 1,809. Sesa Sterlite plunged 2.5 per cent at Rs 197.
Jindal Steel tanked over 2 per cent at Rs 243. Hindalco slipped nearly 2 per cent at Rs 115.
HDFC and Tata Steel tumbled 1.5 per cent each at Rs 845 and Rs 333, respectively.
ICICI Bank dropped 1.4 per cent at Rs 1,080.
BHEL and Hindustan Unilever shed almost 1.3 per cent each at Rs 140 and Rs 589, respectively.
Bharti Airtel, Reliance, Tata Motors, Mahindra & Mahindra and Bajaj Auto were the other notable losers.
On other hand, NTPC soared 3.5 per cent at Rs 152.
TCS surged 2.4 per cent at Rs 2,091. Sun Pharma jumped 1.7 per cent at Rs 603.
Infosys rallied 1.3 per cent at Rs 3,305. Coal India spurted 0.8 per cent at Rs 298.
Tata Power, Hero MotoCorp and Wipro are the other notable gainers.
VALUE & VOLUME TOPPERS
SBI topped the value chart with a turnover of Rs 80.98 crore. It was followed by Divis Lab (Rs 47.94 crore), Yes Bank (Rs 44.39 crore), BHEL (Rs 38.05 crore) and ABB (Rs 33.30 crore).
Unitech led the volume chart with trades of around 4.2 million shares. It was followed by SpiceJet (4.1 million), Reliance Power (2.8 million), JP Associates (2.7 million) and BHEL (2.6 million).