In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
The 30-share Sensex closed 80 points lower at 21,753 levels while the 50-unit NSE Nifty index was down 38 points at 6486 levels. Benchmarks plunged to their lowest levels since March 06, 2014.
US Federal Reserve Chairper Janet Yellen hinted at raising interest rates sooner than expected, in her first press conference after assuming the top job at US central bank.
On speculative front as well, non-commercials have decreased bullish bets on COMEX silver futures and options to a three-month low.
The US said that it sees positive indicators in Pakistan, but...
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
United States President-elect Donald Trump has formally nominated James Mattis, a retired 4-star Marine Corps general who has long voiced concerns about the threat posed by Iran, as the Defence Secretary to replace Ashton Carter.
Succumbing to a rout in emerging markets, the rupee slipped past the 63-mark for the first time in ten weeks.
The yellow metal gives negative returns after 12 yrs; analysts say it'll be subdued in 1st half of 2014, with a revival likely later.
The United States military has conducted air strikes against the Islamic State of Iraq and the Levant near Irbil and Iraq's largest dam in an effort to help Kurdish forces retake it from violent extremists.
Barack Obama is likely to pick a candidate to succeed Ben Bernanke sometime during the summer.
Markets ended on a strong note after an extremely volatile trading session this Wednesday, on back of significant buying witnessed in the realty and bank spaces.
'Did Trump hint at US military intervention in Qatar?' asks Ambassador M K Bhadrakumar.
March and April payrolls were revised to show 32,000 more jobs.
Sharp swings likely in equity, forex and bond markets.
Federal Reserve's move has thrown financial markets into a spin.
The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE.
One culprit behind the poor recent performance of emerging markets is growing bond market volatility and the knock-on effect that that may be having on so-called carry trades, under which investors borrow money cheaply in one currency and then invest it for what they hope will be higher returns elsewhere.
A top United States general has recommended about 14,000 troops to be present in the war-torn Afghanistan even as Afghan forces take charge of the country's security.
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
Silver coins, however, held unchanged at Rs 70,000.
"The Afghans do not have that capability yet. It's one of the enablers that we are trying to build into them before we leave," Gen James Mattis, Commander of US Central Command, told members of the powerful House Armed Services Committee.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
The United States will hand out administrative punishment to its six soldiers for their role in desecration of Holy Quran in Afghanistan early this year, an incident that had caused wide-spread protests and riots in the country and forced President Barack Obama to apologise.
For the second straight week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.
The Islamic State, the dreaded terrorist group that has gained control over a large part of Iraq and Syria, has up to 31,500 fighters - three times as many as previously feared, according to a latest Central Intelligence Agency estimate.
Inter-Services Intelligence chief Lt Gen Ahmed Shuja Pasha's recent visit to Qatar, home to the US Central Command's regional headquarters, has sparked speculation about an 'intelligence back channel' between Pakistan and the US to reset troubled security cooperation.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
Dr Shakil Afridi, the Pakistani surgeon who helped the US Central Intelligence Agency find Al Qaeda chief Osama bin Laden, has been sentenced to 33 years in prison for 'treason'.
"After baby Saraswati @ Sherin Mathews' case, have requested minister for women and child development for a thorough investigation into the adoption process," External Affairs Minister Sushma Swaraj tweeted on Friday.
The United States probe into the November 26 air attack on Af-Pak border that killed 24 Pakistani soldiers has found that American forces acted in self-defence after being fired upon and there was no intentional effort to target them, the Pentagon said on Thursday.
United States-led North Atlantic Treaty Organisation troops in Afghanistan have been ordered not to approach the buffer zone on the Af-Pak border in order to avoid recurrence of last week's air strike that killed 24 Pakistani soldiers.
Davis, whose arrest had sparked diplomatic tensions between the US and Pakistan, was released after paying a blood money of $2.3 million to the families of the victims, whom he shot dead on a road in Lahore in January.
The rupee has declined by 24 paise in four days of losses.
The US Central Command has purchased the $2.7-million programme -- developed by San Diego firm Ntrepid -- which allows one military user to create multiple personas on internet and engage in extended online communications with terror suspects, The Washington Times reported.
The newspaper said that on February 8, the State Department spokesman P J Crowley, had contacted the paper's executive editor, Bill Keller, asking him not to speculate charges in the Pakistani press.
To regain support and assistance, "They (CIA) have to start showing respect, not belittling us, not being belligerent to us, not treating us like we are their lackeys," The Washington Post quoted the official, as telling a news agency.
The United States military has conducted a humanitarian air drop in the besieged Iraqi town of Amrili, home to thousands of Shia Turkomen who have been cut off from receiving food, water, and medical supplies for two months by the militants of the Islamic State, the Pentagon said.