Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
From the enactment of the capital control Act to the recognition of the BSE as a stock exchange and the infamous Harshad Mehta scam, here are the 18 biggest events for stock markets from 1947 to 1993.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
For the week, the battered rupee gained 26 paise against the greenback
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Adequate dollar supply gave a boost to the local currency
Heavy selling of the US dollar by banks and exporters in the face of renewed capital inflows predominantly kept sentiment highly buoyant
This is the biggest one-day fall in the rupee since August 3, 2016
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
'Favourable product mix, sales recovery, and cost saving initiatives are expected to support margins going ahead while focus on debt reduction (target of debt free by FY24) will aid balance sheet strength'
The rupee largely shrugged off the high volatility in stocks and rebounded sharply towards the fag-end trade following bout of dollar selling by exporters
A look into the controversies the 42-year-old chairman and managing director of Jindal Steel and Power has battled in the last six months.
London-based index creator FTSE recently tied up with the MCX Stock Exchange to offer a slew of new domestic indices and launch a range of international FTSE indices that will be listed and traded on the MCX-SX when it gets regulatory approval. Paul Hoff, managing director, Asia-Pacific, FTSE, spoke to Business Standard on plans for the venture.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
The one common theme across companies that have rewarded shareholders is consumption.
High or low, back and forth, Mukesh Ambani seems to gain from any which way the market moves as his wealth grew by over Rs 2,600 crore (Rs 26 billion) after the initial setback saw the Sensex tanking over 1,700 points and the top five richest Indians losing about Rs 1 trillion.
Tatas, Adani, Bharti, HDFC and Sun Groups have clocked huge gains.
Telco proved the biggest draw in the 30-share BSE Sensex late afternoon on Friday as FIIs reckoned that the company will turn out exciting results for Q3.
The dollar index eased 0.05 per cent to 98.69.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
Stocks of three listed firms of Gujarat-based Adani Group on Friday ended as much as 6 per cent higher on the clear mandate given by voters to the BJP-led NDA.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation further added to gloom.
The rupee on Tuesday recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling.
The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Reliance earned $11.50 for every barrel of crude that it processed during the last three months of the calendar year - almost 60 per cent more than a year earlier.
Dealers attributed the rupee's fall to fresh demand for USD.
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