Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
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The rupee tumbled past 63.00 to the dollar, down about 2 per cent on the day and breaching the previous low of 62.03 hit on Friday despite a spate of measures in recent weeks by the central bank and government to defend it.
Some type of global shock adds to the allure of the dollar.
What will be the impact on the Euro itself? Will it devalue and to what extent?
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
The Central Economic Intelligence Bureau, lead agency under Finance Ministry to gather and disseminate intelligence related to financial crimes, has traced illegal flow of money through Private Placement Programme, which involves offering of securities to select individuals or groups, upto 50 in numbers, official sources said.
'While GST and demonetisation are likely to cause disruption for longer than the market currently expects, they can have meaningful positive impact over the medium-term.'
Convergence of online and offline is the new mantra which is changing the education map of the country.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
