Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
The rupee had gained 24 paise to close at nearly one-week high of 60.95 against the dollar yesterday following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows.
A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
Capital inflows continued to aid the rupee's rise, although a strong dollar overseas capped the gains.
Weakness in dollar in the overseas market also boosted the rupee value
Rupee is under pressure against the dollar say currency watchers.
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
The markets are in bubble territory.
The Rupee is seen strengthening against the dollar.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
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 BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
Prime Minister Narendra Modi has been ranked as the world's ninth most powerful person by Forbes magazine in a 2015 list which is topped by Russian President Vladimir Putin.
Though the markets have lost ground since the past few sessions, analysts do not seem worried.
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.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The dollar gained against other currencies overseas.
The S&P and Dow dipped the most in a day since September 28.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
Markets now expect the Fed to normalise rates gradually.
Sensex to end this year at 27,500 and reach 29,000 by mid 2016.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
The rupee had strengthened by 19 paise on Monday.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
Market experts poohpooh fears of capital flight from India.
The central bank maintained its bias towards a rate hike.
This was the near-unanimous replies of 10 market participants.
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