According to dealers, the one-way appreciation was halted by huge purchase of dollars by the RBI which pushed down the spot rupee to 39.90 to a dollar .
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
Supported by greater demand from both domestic and external markets, total new business rose at the fastest pace since March
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
Shanghai is the worst performing stock market of the world in CY 2008. It has just replaced Vietnam at the top of the ladder among the worst performers with a 48.97 per cent fall.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
China consumed roughly 10.50 million barrels per day of oil in June.
Services companies continued to raise prices, though the rate of change was the weakest since April
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
A reading above 50 denotes expansion while one below means contraction.
This is the highest closing for both the indices since May 15.
Lupin was the top gainer after the USFDA cleared its Goa facility
The decision will embolden populists across the continent.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
A stronger dollar makes oil more expensive because it raises the cost for imports for most of the world's countries
The finance minister appears to be harking back to the seventies and eighties by prevailing on cement and steel manufacturers to hold the price line despite the hit they'll take on margins.
The local markets are expected to react to global triggers until the government announces the Union Budget.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
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They prefer foreign markets owing to comparatively lower margins than Indian exchanges.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
Sensex has shed over 150 points in afternoon trade.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
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The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
Covering-up of pending short positions on expiry of the July derivatives contracts and a strengthening rupee propped up the markets at high levels
The Nifty finished the day at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25.
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
The NSE Nifty ended at 4,346, down 183 points.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
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