Weakness of dollar in the overseas market also boosted the rupee value against the dollar.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Telecom, metal and healthcare came as dampeners.
'In my 20 years, I have never seen such high rates.'
Bear operators are said to have created huge short positions in the stock market over the past few days, which means they were betting on a fall in the market values
This time, the global appetite for risk is in favour of India.
Mindtree plans to recommend to its investors not to subscribe to the open offer, citing low offer price, among key reasons. The founders were exploring several other options, including coming out with a counter open offer, with the backing of a financial investor.
Strong month-end demand for the US currency mainly from oil importers along with currency futures expiry related purchases predominantly weighed heavily on the forex market and haunted investor sentiment.
Barring oil and gas, all BSE sectoral indices finished in the green.
Domestic markets are also aided by a rally in the global markets with US market surging to record high and a firming trend at other Asian bourses.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
The rupee has dropped by 49 paise or 0.75 per cent in four days.
The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
The rupee on Tuesday tumbled by 32 paise to close at 64.17 on fresh dollar demand from importers.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback.
On Friday, the rupee fell to its 26-month low at 66.89.
The 30-share Sensex also hit its one-year low of 22,494.61 on February 29 this year.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
Strong rebound in local equities restricted the rupee's fall.
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
Healthcare, auto and financial stocks lagged.
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
Huge inflow thanks to low inflation levels and RBI rate cut
The rupee settled at 61.71. In straight three sessions, the currency has shot up 51 paise or by 0.82 per cent.
Bearish dollar overseas also supported the rupee
Extending losses for the fourth straight session, Indian rupee on Monday declined by ten paise to log over 13-month closing low of 63.67.
'If credit is not available, people will postpone buying. That's what has happened.'
The rupee closed marginally stronger against the dollar on Wednesday.
Rupee closed at 61.86 against the dollar on Tuesday.
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
The 50-share NSE Nifty, however, was little changed, ending 1.20 points down
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
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