The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
US interest rate normalisation policy is likely to keep global FX markets volatile.
The central bank had revised its inflation forecast significantly downward in the last policy
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
'We are overweight on India, as it is one of the best in emerging markets (EMs)'
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
India has always been a good bet in relative terms during crises/turbulent times in emerging markets (EMs).
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
The rupee's plunging to record level and a sharp fall in the equity market are knee-jerk investor reactions to the US Federal Reserve's saying the it will slow down bond-buying programme in view of improving American economy.
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.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
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India is likely to attract increasing notice from global investors.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
RBI likely to cut rate early next year.
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
India Inc is borrowing from global firms as interest rates sky rocket in India.
The dollar index eased 0.05 per cent to 98.69.
Increased demand for the dollar from importers put pressure on the rupee.
Drop in oil prices and the government's reform agenda has helped India to be out of the Fragile Five group
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
Broader market outperformed the frontline indices and also hit their respective all-time highs
Aditya Birla Money MD talks about liquidity concerns in the market.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
'Markets should be driven more or less by earnings growth.'
Christine Lagarde warned of a repeat of high market volatility.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
The Reserve Bank of India has no plans to cut the short-term repo rate for some time, a senior central bank official said on Thursday.
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