Gains were led by index heavyweights with Reliance Industries contributing the most.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
Tata Motors was the top gainer on better-than-expected June quarter revenues
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
The sentiment around Indian equities remains positive and unchanged.
Financials emerged as the top gainers while auto shares rallied on robust September sales
After another day of volatile trade, the rupee today appreciated by seven paise to close at a new one-month high of 59.04 against the dollar as the RBI's liquidity-tightening measures continued to lend support.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
The RIL stock has halved from an all-time high of Rs 1,626 made (intra-day) on January 15, 2008, to on Wednesday's closing figure of Rs 800.55.
Indian equity markets registered their highest single-day percentage gains since early October.
The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
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The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Auto stocks are weighing on the indices.
Swati Kulkarni, executive vice-president and fund manager - equities at UTI Mutual Fund tells Puneet Wadhwa that though mid-and small-cap companies are trading at a higher valuation as compared to large-cap peers, one can still find value in select pockets.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
Asian shares ended higher after a string of positive US economic data.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
The rally in index heavyweight ITC has boosted the sentiment across the board.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The winter session of Parliament will commence on November 26.
Indian market has been plagued by negative sentiment and triggers
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