However, most Asian markets ended lower after a rout in tech stocks, tracking a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid China-US trade war worries.

The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues.

Market commenced the session on a strong footing on easing concerns around the rift between the government and RBI. However, emergence of profit-booking at every rise reversed early gains.

HDFC (5.51%), IndusInd Bank (4.47%) and Infosys (4.02%) were the top Sensex gainers. Market breadth was positive with 1,612 stocks closing higher compared to 941 ending lower on the BSE.

Reliance Industries fell 2.8 percent, while Housing Development Finance Corporation slipped 1.6 percent. Hindustan Petroleum Corp Ltd fell 4.77 percent, and was the top loser on the NSE index.

In the early days we based it on the market cap of the companies as on March 31. Like in everything else, there is change.

Most Asian markets skidded to multi-month lows and European shares opened sharply weaker on worries over corporate earnings and global growth. Disappointing quarterly earnings from Maruti Suzuki, Yes Bank and a few others accelerated the selling momentum here, brokers added.

October futures and options (F&O) expiry added to the woes as investors offloaded their long bets instead of carrying them forward to the next series for November, brokers said.

Besides, crude price going past USD 80 a barrel also dampened sentiments. Among 30-share Sensex pack, IndusInd Bank was the worst hit with 8.52 per cent fall, while Reliance Industries slipped 3.56 per cent.