The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Analysts expect the central bank to remain watchful of inflation.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Spot gold was bid up at $1268.30 in early European trading and silver also moved up at $17.42 an ounce.
Swiss National Bank shocked the currency markets on Thursday by abolishing their currency -- franc's three year-old cap of 1.20 per euro
Silver, platinum and palladium all declined.
India's exports are unlikely to get an immediate boost from a depreciating rupee, which touched an all-time low on Monday, driven by rising commodity prices. The rupee fell to 76.97 against the dollar earlier in the day, settling 1.05 per cent weaker than the previous close. Oil prices soared to their highest since 2008 on Monday at $139 per barrel, after the US and European allies explored a Russian oil import ban, while delays in the potential return of Iranian crude oil to global markets increased supply fears.
From the peak of $3.67 trillion in January, India's market cap has eroded by $676 billion amid rising bond yields and a record-breaking sell-off by overseas investors.
The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.
L&T, ONGC and banking scrips power gains in today's trade
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
Global gold demand has seen a year-on-year decline of 8 per cent during the April-June period to 948.4 tonnes and going ahead further monetary tightening and continued dollar strength may pose headwinds, says a report. According to the WGC Gold Demand Trends Q2 2022 report, the total gold demand during the second quarter of 2021 stood at 1,031.8 tonnes. The year-on-year demand was affected by increase in gold electronic traded funds (ETFs) outflow, decline in Central banks buying and lower demand from the technology segment, the report said.
Markets staged a smart recovery in late trades to end higher on Tuesday, amid firm global cues, led by index heavyweights ITC and Reliance Industries.
The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
FII inflows subdued, investor sentiment remains sombre abroad
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
Economic recovery is well under way in some advanced economies.
In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank.
Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
Fund raising by Indian companies through the offshore debt market is expected to rise in 2015.
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
The benchmark indices ended Monday's trading session on a positive note led by rate sensitive shares on hopes that lower inflation would help the central bank ease key policy rates. The Sensex ended higher by 76 points at 17,633 and the 50-share Nifty advanced 27 points to close at 5,348 levels. For the most part of the day, the markets traded in a narrow range.
India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
The market breadth in BSE remained dismal with 2,210 shares declining and 649 shares advancing.
Gold is seen as a preferred asset for all types of investors, even central banks.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Financials and auto stocks were the top losers while energy and IT shares recovered
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
'A positive oil shock has a detrimental effect on growth and activity.'
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
Bank shares were the top gainers led by ICICI Bank.
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