In morning session on Sensex, the laggards that dragged the key indices down were Bharti Airtel, Coal India, NTPC, Kotak Bank, HUL, Bajaj Finance, RIL, PowerGrid, HDFC Bank, Infosys, HCL Tech, Asian Paint, ONGC, TCS, SBI, M&M, HDFC, Tata Steel and IndusInd Bank, falling up to 2.48 per cent

Tepid earnings by some more companies and foreign fund outflows also dampened trading sentiments, brokers said. After opening on a positive note, the BSE Sensex advanced to hit an intraday high of 36,465.40 points in opening trade, driven by a firming trend at other Asian markets.

The removal comes following the the Reliance Group accusing Edelweiss Group entities of \"illegal\" and \"motivated\" actions in invoking the pledged shares of the group's three listed firms and selling them in open market causing a steep fall in share values.

Rate-sensitive stocks swung between gains and losses after the rate-cut announcement, with BSE realty index slipping 0.02 per cent, Bankex gaining 0.04 per cent and auto index soaring 1.77 per cent.

Analysts said investor sentiment was bullish ahead of the Reserve Bank of India's monetary policy meeting outcome, scheduled for Thursday.

HCL Technologies (1.68%), Infosys (1.38%) and NTPC (1.29%) were the top Sensex gainers.

In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, rising up to 2.66 per cent.

V Vaidyanathan, the new boss of the merged entity, has had a good run but now faces challenges and high expectations.

Analysts feel that unless there is an extraordinary development in the coming months, markets will remain volatile till the general elections.

Similarly, the 50-share NSE Nifty fell 31.75 points, or 0.29 per cent, to 10,861.90.

At 11:32 hours, the BSE Sensex was trading at 36,017.93, up by 426.68 points or by 1.2 per cent, amid optimism about upcoming Union Budget and dovish comments by the US Federal Reserve after it kept interest rate unchanged.

Bank of India, under the prompt corrective action (PCA) framework of the Reserve Bank since 2017, had reported a net loss of Rs 2,341 crore in the year-ago period.