A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
The large current account deficit and the growing vulnerability on the external front have largely contributed towards the secular decline and the current volatility of the rupee.
The world seems to have caught severe pneumonia, or worse, as China had flu.
November IIP data show a fall of over 20%, led by automobiles, gems & jewellery and home appliances; turnaround seen as unlikely.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Experts caution against tough times in Indian equity markets in 2015.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
The fall in reserves was due to a sharp fall in foreign currency assets.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
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The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
Sensex dull at close, Infosys rules, ITC drags.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Sensex rises, Nifty ends at record high; RIL shares rally.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Some type of global shock adds to the allure of the dollar.
Group still far from coordinating monetary/forex policy
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
'India today has to fight many a battle, all of which cry out for innovation. This is where the experience of the Diaspora could be the most productive well-spring.'
Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.
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