With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Sensex falls at close; metals, banks perform well.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
Forex dealers said strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market also supported the local currency.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
The Fed's decision on tapering its monthly $85 billion bond-buying programme is expected later on Wednesday.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
India's software and engineering exports may take a hit and the country may also face larger capital outflows.
The local currency opened higher at 61.20 a dollar from the previous close of 61.30 at the Interbank Foreign Exchange Market.
Though most analysts expect the global central banks to keep the liquidity tap open, valuations of Indian markets, they say, are beginning to look stretched. Against this backdrop, they remain cautious, with some even expecting a minor correction from here on.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Markets ended in red, index heavyweights drag.
The rupee gained 28 paise on Thursday to close at 62.50.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
Many analysts find market expensive, even at current levels.
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against Tuesday's close of 61.69 at the Interbank Foreign Exchange market.
The rupee appreciated by 29 paise to close at 63.38 against the greenback following fresh dollar selling by exporters.
Continuing its range-bound movement for the fourth session, the rupee today closed up by two paise at 59.25 ahead of industrial output and retail inflation data.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
At the Interbank Foreign Exchange market, the domestic currency resumed stable at its overnight close of 60.07 a dollar and immediately touched a low of 60.09.
The rupee hit a near 10-month high as an alliance led by pro-reform and business friendly Hindu nationalist Narendra was on course for an absolute majority.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
The rupee had lost 26 paise to close at 60.16 against the dollar yesterday on fresh dollar demand from banks and importers in view of the US currency gaining overseas and weakness in local equities.
Overall forex market sentiment remained cautious
The steep fall in rupee came on a day when the Reserve Bank of India in its first quarter review of monetary policy kept the all key rates unchanged but cut the gross domestic growth forecast to 5.5 per cent for FY'14 from 5.7 per cent earlier.
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar on Wednesday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks.
The S&P BSE Sensex plunged 128 points to end at 25,102.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
