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Bharti Airtel, Reliance Industries, Bajaj Finserv, Bajaj Finance and SBI were among the top gainers in the Sensex pack, rising up to 2 per cent.
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After swinging 666.64 points, the 30-share BSE Sensex settled 19.69 points or 0.04 per cent lower at 51,309.39.
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UltraTech Cement, Bajaj Finserv, Bajaj Auto, Bajaj Finance, HCL Tech and Reliance Industries were among the gainers in the Sensex pack, rising up to 2 per cent.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 90.38.
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Hosts succumb to a comprehensive 227-run loss as England taste first blood
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HCL Tech was the top gainer in the Sensex pack, surging around 2 per cent, followed by Infosys, Titan, Asian Paints, ONGC, Reliance Industries and Tech Mahindra.
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Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per cent, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI and Bajaj Finance.
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SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 4.50 per cent, followed by Dr Reddy's, PowerGrid, Tech Mahindra, M&M, Sun Pharma and Axis Bank.
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The Sensex ended 1,197.11 points or 2.46 per cent higher at 49,797.72. The BSE gauge topped the 50,000-level briefly and swung 1,554 points during the day.
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On the Sensex chart, IndusInd Bank, ICICI Bank, HDFC, ONGC, Titan and HDFC Bank were prominent gainers.
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On the Sensex chart, IndusInd Bank, Mahindra and Mahindra, L&T, ONGC, Bajaj Finance, HDFC Bank and Bajaj Auto were prominent gainers.
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HDFC Bank was the top loser in the Sensex pack, shedding around 2.50 per cent, followed by HDFC, HCL Tech, Tech Mahindra, Sun Pharma, PowerGrid, Kotak Bank, SBI, and Nestle India.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 90.23.
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Around 10.25 a.m., Sensex was at 47,954.05, lower by 393.54 points or 0.81 per cent from its previous close of 48,347.59.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 90.12.
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Among major earnings to focus on this week are from UCO Bank, Axis Bank, Bank of Baroda, Canara Bank, Hindustan Unilever Limited, Lupin, Maruti Suzuki India and Tata Motors.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.03 per cent to 90.10.
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Bajaj Auto, Asian Paints, Mahindra and Mahindra, Maruti Suzuki and Reliance Industries were top gainers.
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On the domestic equity market front, the BSE Sensex was trading 277.80 points or 0.56 per cent higher at 50,069.92.
