Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
Gold is often considered a 'hedge' against an economic uncertainty.
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
Though valuations have moderated, they are still above average.
In a surprise decision, Ankita was left out of the financial assistance scheme despite being India's top-ranked player. The Sports Ministry included second-highest ranked player Karman Kaur Thandi and Prarthana Thombare apart from seasoned Sania Mirza for Rs 50,000 monthly allowance.
Experts said a future rate cut would depend on the inflation.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Conor McGregor said on Tuesday he was retiring from the sport, five months after losing to Khabib Nurmagomedov in a controversial title fight
US Fed rate rise raises risk of further drying up of FII flows.
Who benefits, who loses from the rising rupee, while a boon for travellers and students, exporters may find themselves facing a greater disadvantage.
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Revising inflation forecast upwards would be positive
'Demonetisation will push India onto a higher growth path after a temporary dip.'
Foreign fund flows into and out of the domestic sharemarket will continue to be key for the rupee's fortunes.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
So far, India has attracted over $20 billion in the debt segment, thanks to the rate differential.
'The market movement will be largely driven by earnings growth.'
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
Sarabjit Singh Khalsa, son of Beant Singh, one of the two assassins of Prime Minister Indira Gandhi, joined the Bahujan Samaj Party in Fatehgarh Sahib in Punjab on Sunday.
History would indicate that a recession is not that far off.
RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
The central bank had revised its inflation forecast significantly downward in the last policy
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
The rupee appreciated by 10 paise to close at a nearly six-week high of 60.29 against the US dollar in the previous session tracking a solid rally in local shares and continued dollar selling by exporters and some banks.
New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
The central bank operationalised these special windows on September 4 to prop the rupee which had fallen close to 30 per cent between April and August.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas supported the rupee.
US interest rate normalisation policy is likely to keep global FX markets volatile.
Slowing economy, election-related uncertainty and tighter monetary conditions pose risks for Indian markets and the BSE index, Sensex, is likely to hover around 20,250 by the end of this year.
The partially convertible rupee closed at 61.2350/2450 per dollar compared with 61.31/32 on Tuesday.
A delay in US Federal Reserve's quantitative easing tapering, coupled with better-than-expected September quarter earnings, ensured FIIs kept foreign money flowing into Indian equities.
'We are overweight on India, as it is one of the best in emerging markets (EMs)'
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
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