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On Wednesday evening, the Reserve Bank of India (RBI) issued a directive immediately prohibiting Kotak Mahindra Bank from acquiring new customers and issuing new credit cards.

In addition, Vinod Nair, Head of Research at Geojit Financial Services said the upcoming week will be driven by global sentiments.

The 30-share BSE index was trading 470.10 points or 0.95 per cent lower at 49,032.31 in initial deals.

In the fortnight ended February 28, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.26 lakh crore, released by RBI showed.

A spurt in COVID-19 cases and lack of fresh buying triggers continued to weigh on sentiment, traders said.

After touching an all-time high of 50,687.51 during the day, the 30-share BSE index ended 358.54 points or 0.71 per cent at its new closing record of 50,614.29.

After touching an all-time high of 49,569.14 during the day, the 30-share BSE index ended 247.79 points or 0.50 per cent higher at 49,517.11.

After opening strong, the stock indices gave up gains due to profit booking by investors.

UltraTech Cement was the top loser in the Sensex pack, shedding around 3 per cent, followed by M&M, HDFC Bank, IndusInd Bank, Axis Bank and Reliance Industries.

Similarly, the broader NSE Nifty rose 97.20 points or 0.73 per cent to an all-time closing high of 13,355.75. It touched its record intra-day peak of 13,366.65 in early trade.

The 30-share BSE index ended 376.60 points or 0.94 per cent higher at 40,522.10

The 30-share BSE index was trading 404.42 points or 1 per cent higher at 40,948.79, and the broader NSE Nifty rose 113.55 points or 0.95 per cent to 12,010.35.

Exchange data showed that foreign institutional investors bought equities worth Rs 615.17 crore on a net basis on Monday.

Exchange data showed that foreign institutional investors sold equities worth Rs 39.39 crore on a net basis on Friday.