After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
Markets crashed due to domestic worries; bluechip stocks tanked too.
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
These measures are part of initiatives by these nations to attract Indian tourists, says Aneesh Phadnis.
HDFC and Infosys contribute the most to today's rally.
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
The broader NSE Nifty reclaimed the key 10,000-mark and touched a high of 10,143.50 before finally settling at 10,130.65
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
Central bank moves to infuse liquidity into bond market to help boost sentiment.
Markets ended in green on rate cut hope.
Gold tumbled by Rs 310 to Rs 30,290 per ten grams in the national capital today on heavy sell-off by stockists and a weak global trend.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
So long as there are concerns about world trade, growth and oil prices, the domestic market will remain volatile.
Traders said sustained selling by stockists on the back of sluggish demand mainly kept pressure on precious metals.
Gold has bounced back gaining Rs 825 in the last eight days.
Telecom major Bharti Airtel on Wednesday reported a 29 per cent decline in consolidated net profit at Rs 512 crore (Rs 5.12 billion) for the quarter ended September 30, 2013, mainly on account of increase in finance cost and forex losses due to rupee depreciation.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
India and Japan on Friday decided to more than treble their currency swap arrangement from $15 billion to 50 billion in a move seen as sending an important signal for the rupee.
Traders said sentiments in gold turned bearish after it plunged in overseas markets on speculation that US interest rates will increase next year, curbing demand for the metal as a store of value.
The benchmark index on Wednesday surged 314.92 points or 1.05 per cent to close at 30,248.17 on widespread buying spurred by forecast of a normal monsoon this year.
Silver, however, met with resistance and traded lower by Rs 200.
Sentiments remained bearish as gold and silver tumbled to the lowest since June in global markets as US manufacturing in August expanded at the fastest pace in three years, bolstering prospects for the economy and dampening demand for the metal, traders said.
However, silver held steady at Rs 42,600 per kg on scattered enquiries from industrial units.
Bullion merchants said sentiments in gold remained extremely weak after it plunged to two-month low in overseas markets as the outlook for higher US interest rates reduced the appeal of the metal as an alternative investment.
Echoing the position articulated by Prime Minister Manmohan Singh, China and Russia on Thursday warned that imminent withdrawal of fiscal stimulus by the US could have an adverse impact on the global economy and cautioned the Obama administration against it.
'In China there is capital punishment for heritage theft. That is how they treat criminals, unlike us.' 'Here we treat them like it's a house-breaking theft.'
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Silver also gained for the third-day and jumped by Rs 500 to Rs 43,000 per kg on increased offtake by industrial units and coin makers.
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
Market experts poohpooh fears of capital flight from India.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.
Gold gained Rs 220 on Tuesday.
If people make films like Baahubali, which has Indian content, it will always be a hit. But nobody makes it nowadays.
Cryptocurrency exchanges face issues with their current bank accounts.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
After the advent of the US Affordable Care Act, popularly known as Obamacare, US insurance companies plan to encourage medical tourism.
Governor's statements will be weighed to gauge confidence level.
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