Gupta began serving a two-year prison term on insider trading charges
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
World number five Alexander Zverev continued his poor recent form as he crashed out of the Italian Open in the second round while Serena Williams had to pull out of the women's draw with a recurring knee injury.
Novak Djokovic is expecting a fierce battle with an old friend and familiar protagonist when he makes a bid for history in the Australian Open final against Andy Murray on Sunday.
M C Mary Kom notched up her fifth gold medal at the Asian Women's Boxing Championships, winning a fiercely-contested summit clash in the 48kg category in Ho Chi Minh City, Vietnam, on Wednesday.
India celebrated Dhanteras, the biggest gold buying festival, followed by Diwali, when scarcity of the yellow metal and high prices pushed consumers to buy silver and diamond jewellery.
The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar on Wednesday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks.
The trial of Susan Xiao Ping Su, the president and owner of the fraud-ridden Tri-Valley University, started on Tuesday.
Heavy selling of the US dollar by banks and exporters in the face of renewed capital inflows predominantly kept sentiment highly buoyant
Summary of sports events and persons who made news on Friday
The US Open is the biggest tournament in America's tennis calendar. Enough reason for the big personalities from Hollywood, former tennis champions and other celebrities to catch their favourite tennis stars in action.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
Australia's former great hope Bernard Tomic admitted he was "bored" during a listless first-round defeat by Germany's Mischa Zverev at Wimbledon on Tuesday.
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
News of all that's transpired on and off the football field
Summary of sports events and persons who made news on Friday
In 2014, foreign tourist arrivals grew by 10.2 per cent over 2013.
Facts on the Commonwealth Games to be held in Australia's Gold Coast:
A tenacious Roberto Bautista Agut battled back to beat world number one Novak Djokovic 1-6, 7-5, 6-3 and advance to the quarter-finals of the Miami Open on Tuesday as the Spaniard claimed his second win over the Serb this year.
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
Images from Day 5 of the French Open, at Roland Garros, in Paris.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
Overall forex market sentiment remained cautious
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
Summary of sports events and persons who made news on Thursday
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
Promising sprinter Dutee Chand bagged her second gold medal, winning the women's 200 metres, in a clean sweep of medals by Indians at the Taiwan Open Athletics Championships, Taoyuan City, Taiwan, on Friday.
News of all that's transpired on and off the football field
The expansion in equity market volumes is driven by retail speculators indulging in heavy trading of complex derivatives that are economically unproductive, say Praveen Chakravarthy and T V Somanathan.
Obama also renewed his call to for tightening gun control measures.
Slovakia's Dominika Cibulkova may have to postpone her wedding on Saturday after reaching the quarter-finals at Wimbledon with a rip-roaring victory over third seed Agnieszka Radwanska.
Sensex closed the day 416 points higher.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
The rupee had lost 27 paise to close at more than 5-week low.
News of all that's transpired on and off the football field
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
India has not been able to compete with countries such as Bangladesh and Vietnam.
Many emerging economies have witnessed a flight of foreign portfolio capital and their currencies have slumped against the dollar.
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