Sharp fall in capital goods production and manufacturing activity also dented sentiments.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
In the Silicon Valley of India, one can use the cryptocurrency to pay for food, buy bus tickets, order stuff online, and even get a haircut.
Markets ended in green on rate cut hope.
How the demonetisation drives in India and Venezuela have played out.
Markets in green tracking firm global cues.
Twelve persons including a Bangladeshi woman were arrested for allegedly duping people by offering American dollars in exchange of Indian currency at a cheaper rate, a senior police official said on Monday.
Pharma shares extended losses after the government's ban on combination drugs.
It's five months after 8/11. But this is not the first time that India's currency of the time faced the axe. The Mughals, after invading a territory, would effect the demonetisation of the local currency with the aim to cripple the economy of the land.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
At a time when the US dollar is taking a major hammering in the global markets, including against the rupee, American President George W Bush has said that market forces would have to determine the value of the dollar against international currencies.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
The 41- year old is currently the head of macro trading in Goldman's Securities Division.
'If there is one certainty in this visit, it is that Trump does not follow a script. He is unpredictable,' highlights Ambassador B S Prakash.
Market participants are now awaiting Thursday's meeting of the European Central Bank
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
As traders obsessively follow US presidential elections, expect a surge in case of a change of guard in the Oval Office.
riminals smuggle an estimated $30 billion in US currency into Mexico each year from the US, researchers said.
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
The rupee has been on northward-ho since July, after hitting a life-time low of 57.13 mid-June. Since the beginning of the year, the local currency has gained over 7 per cent, and still it is down 18 per cent from its pre-August 2011 highs.
The Fed has prepared the world very well for a rate hike. In fact the market may have priced in a 25 basis points increase. So if the increase is 50 basis points, the reaction could be stunning, but a 25 basis points rise is not likely to have any great impact, says P V Subramanyam.
The sharp and sudden fall in the exchange rate of the Indian currency in relation to the American greenback has taken many by surprise.
'It is never a good idea to let the broad population determine policy that is the domain of experts and specialists,' notes Aakar Patel.
In the last four days, rupee has lost 104 paise against the dollar.
Will the rupee keep falling in value against the US dollar? What will be its impact?
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Sensex ends lower; govt schemes in focus.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Announcing his tax reforms Trump said his policies would benefit working families.
'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.
Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.
The silver lining is that a pick-up in the US economy could help emerging market exports.
'Outside investors don't want to get tangled up in a religious war.'
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
Wipro's revenue from the information technology services business for the quarter ended September was in line with its estimate, though it lagged some of its larger Indian peers in a few operating parameters. Chief executive T K Kurien tells Bibhu Ranjan Mishra he expects a few issues involving a couple of large clients to be resolved in a quarter, before all the company's engines start firing.
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