Banking and consumer durables stocks led the gains with the BSE indices rising 260 points and 247 points. All 19 BSE sectoral indexes were trading in green. Market breadth was positive with 1088 stocks trading higher compared to 426 falling on the BSE.

The 30-share BSE Sensex tumbled 310.51 points, or 0.87 per cent to finish at 35,498.44, while the broader NSE Nifty fell 83.45 points, or 0.78 per cent, to 10,640.95.

The benchmark BSE index opened higher at 36,279.63 and advanced to hit a high of 36,375.80 on the back of positive macroeconomic data as retail inflation fell to a 19-month low on continued decline in food prices and positive cues from other Asian markets.

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.

The NSE Nifty also edged higher by 18.60 points, or 0.17 per cent, to close at 10,912.25.

Finance Minister Piyush Goyal: Fiscal deficit has come down to 3.4 per cent in revised estimate of 2018-19; current account deficit expected to be 2.5 per cent this year.

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.

The BSE Sensex ended marginally lower by 1.25 points and the NSE Nifty closed with a negligible loss of 0.4 point.  Heavyweights ICICI Bank and Tata Steel -- both rising over 5 per cent -- saved the day for the Sensex. Also, mixed trading pattern in global shares as US-China trade talks kicked off earlier in the day made domestic investors even more cautious.

Bucking the trend, the broader markets ended tad lower, with MidCap and SmallCap indices falling as much as 0.04 per cent and 0.17 per cent, respectively.

The gains of Indian markets were minimised by several stocks from the benchmark indices which eroded investor wealth this year. Here's a look at eight stocks which lost over 90% since the beginning of this year.