The 30-share BSE benchmark ended 335.06 points or 0.88 per cent lower at 37,736.07; while the NSE Nifty tumbled 100.70 points or 0.90 per cent to 11,102.15.
It opened at 74.83 against the US dollar gained further ground and touched 74.78 against the US dollar, up 6 paise over its last close of 74.84.
The BSE Sensex ended 421.82 points or 1.10 per cent lower at 38,071.13, while the NSE Nifty tumbled 97.70 points or 0.86 per cent to 11,202.85.
It opened at 74.86 against the US dollar but soon recovered the lost ground and touched 74.79 against the US dollar, up 4 paise over its last close of 74.83.
After opening above the key 38,000-level, the 30-share Sensex went on to touch the day's high of 38,555 in late-afternoon trade. It finally closed at 38,492.95, up 558.22 points or 1.47 per cent.
After opening on a strong note, the Indian currency went on to further strengthen its position and touched 74.69 against the US dollar, up 14 paise over its previous close.
In opening deals, BSE Sensex was trading 54.76 points or 0.14 per cent higher at 38,183.66; while Nifty was up 9.40 points or 0.84 per cent at 11,203.55.
While RIL is the country's most valuable listed company, the second-placed TCS has a market capitalisation of Rs 8,07,419.38 crore, followed by HDFC Bank at the third place with an m-cap of Rs 6,11,095.46 crore.
The rupee opened on a weak note at 74.94 at the interbank forex market, then lost further ground and touched 74.98 against US dollar, down 23 paise over its last close.
After gyrating 487 points during the session, the 30-share BSE Sensex settled 11.57 points, or 0.03 per cent, lower at 38,128.90. Similarly, the NSE Nifty declined 21.30 points, or 0.19 per cent, to 11,194.15.
At the interbank forex market, the domestic unit opened on a strong note at 74.65, gained further ground and touched 74.64 against the US dollar, registering a rise of 11 paise over its previous close.
Over 3.57 crore shares of Rossari Biotech were traded on the NSE, while over 30.27 lakh shares exchanged hands on the BSE during the first day of trade, data from the respective stock exchanges showed.
The 30-share BSE Sensex ended 268.95 points, or 0.71 per cent, higher at 38,140.47. Similarly, the NSE Nifty advanced 82.85 points, or 0.74 per cent, to close at 11,215.45.
New demat accounts have shot up as several participants were first time investors, Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi said at FICCI event on capital markets.
The Axis Bank stock gained 8.21 per cent to Rs 482.85 on the BSE. At the NSE, it zoomed 8.42 per cent to Rs 483.80.
At the interbank forex market, the domestic unit opened at 74.61 against US dollar, gained further ground and touched 74.59 against the US dollar, registering a gain of 15 paise over its previous close.
After swinging 599 points in a volatile session, the 30-share BSE benchmark finished 58.81 points, or 0.16 per cent, lower at 37,871.52.
Spurred on by a spate of Indian brokerages offering new low-fee trading plans and the ability to buy fractional shares overseas, local amateur investors are snapping up names like Netflix Inc, Amazon.com Inc and Facebook Inc.
At the interbank forex market, the domestic unit opened at 74.79 against US dollar, then gained further ground and and touched 74.73 against the US dollar, up 18 paise over its previous close.
After hitting a high of 37,990.55 during the day, the 30-share BSE Sensex settled 511.34 points, or 1.37 per cent, higher at 37,930.33.
Earlier, the tribunal had said it would remain closed till July 17.
Glenmark Pharmaceuticals stock declined 5.10 per cent to Rs 408 on the BSE and at the NSE, it tanked 5.75 per cent to Rs 405.
HDFC Bank stock rose 4.86 per cent to Rs 1,152.65 on the BSE and climbed 4.95 per cent to Rs 1,152.90 on the NSE.
Forex traders said positive opening in domestic equities and foreign fund inflows supported the rupee.
The S&P BSE Sensex rose 398.85 points (1.08 per cent) to end at 37,418.99, while the broader Nifty 50 climbed 120.50 points (1.11 per cent) to settle above 11,000-mark at 11,022.20.