BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The value of the index, adjusted from its all-time high for the relative loss in the rupee's value, is close to sub-10,000 levels.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
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Preliminary balance of payments data published on Monday showed that the current account deficit fell to $5.2 billion in the July-September quarter of 2013-14, or 1.2 per cent of gross domestic product.
The financial and commodity markets will continue to roil, as China's growth moderates and readjustments are made.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
The immediate concern for the rupee is the sharp spike in oil prices
Rajan tells RBI colleagues he will be returning to academics
India has been a core portfolio holding for emerging market funds.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
We are entering a period of turbulence, but you can profit off that volatility.
The Sensex has slid 18.5 per cent from its January 2015 peak.
Given the macro setting, the outlook remains positive for each of the four key parameters - inflation, current account deficit, fiscal deficit and currency stability, says Rahul Bhushkute.
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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.
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
The Indian government and RBI must keep foreign equity investors happy and avoid crushing growth expectations, notes Akash Prakash.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Several MF managers are trying to tell their investors that it could be the best time to invest as India is different.
'Markets are likely to remain choppy for the next 6 months.'
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
Attending a function where former Bharatiya Janata Party president Nitin Gadkari rolled out business plan of his Purti Group, NCP president and Union Agriculture Minister Sharad Pawar said "there are no untouchables in politics".
For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
The Sensex on Thursday closed 807.07 points down at 22,951.83 points - the lowest closing level for the benchmark since May 8, 2014.
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The Reserve Bank is scheduled to unveil its first quarter review of the monetary policy on July 30.
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
Indian companies are in a precarious financial position.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'
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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 rally in Indian market is mainly due to resumption of foreign institutional investor inflows.
The election of Prime Minister Narendra Modi along with the Reserve Bank of India's commitment to contain inflation have sparked the improved confidence.
Such service providers were given time until the end of October to follow the law of the land.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Finance Minister P Chidambaram on Monday said the currency will find its level as steps being taken by the government to contain fiscal and current account deficits will improve investor sentiments.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
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.
