Kotak Bank was the biggest loser in the Sensex pack, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC.

Consumer durables and capital goods stocks led the losses with their BSE indices falling 105 points and 71 points, respectively.

While the leading banks such as SBI, ICICI Bank and HDFC Bank don't go higher than 7.5%, a few smaller players are offering fixed deposit (FD) interest rates above 8% on select tenors, going up to 9%.

Moody's has also affirmed the bank's foreign and local currency bank deposit ratings of Ba1/NP, foreign currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2.

Dipam has in the past two years used ETFs as a tool of disinvestment. It has already launched two equity ETFs - CPSE ETF and Bharat 22 - and also has a plan for a debt ETF.

Reacting to the news, shares of IL&FS Transportation Networks declined as much as 4.94% to hit lower circuit of Rs 6.74 on the BSE. In a similar trend, stocks of IL&FS Engineering & Construction Company plunged as much as 4.93% to Rs 10.81 apiece. 

The Reliance Group shares were the top losers on the BSE. While Reliance Communications share price fell 6.15% to 5.65, Reliance Capital fell 10.26% to 135.95. Shares of Reliance Infrastructure too lost 5.03% to 116.05 level.

The Duke Offshore share price rose to 25.35 level intra day compared to the previous close of 21.15 level on the BSE.

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.

While the Sensex closed 145 points lower at 35,352, Nifty lost 36 points to 10,604. The indices, which traded higher for major part of the session, logged losses in the last 40 minutes after selling intensified on profit booking.

Rs 1,00,000 invested in the stock on February 20, 2009  would have grown to Rs 2.72 crore today. The company's share price has zoomed from Rs 4.07 on February 20, 2009 to Rs 1,109  on the NSE.