Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
A stronger dollar makes oil more expensive because it raises the cost for imports for most of the world's countries
Domestic shares and other global markets rose on upbeat trade data from China earlier in the day and after a US House deal extending the federal borrowing authority.
Sharp swings likely in equity, forex and bond markets.
The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.
Foreign funds sold Indian shares worth 446.9 million rupees ($7.4 million) on Wednesday, provisional exchange data showed, marking the third consecutive session of outflows.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
Reflecting nervousness over the prospect of the Federal Reserve tightening policy and event risk, traders stayed on the sidelines
Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
Rupee down 13 paise to 66.72 against dollar
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
Weakness in dollar in the overseas market also boosted the rupee value
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
The dollar gained against other currencies overseas.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
The US Federal Reserve has raised its benchmark interest rate by 0.25 per cent, only the second increase in a decade.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
State Bank of India chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran Mazumdar-Shaw and HT Media chair Shobhana Bhartia are among the world's 100 most powerful women.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
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