Sharp swings likely in equity, forex and bond markets.
Olympic athletes, Posh Spice and Andy Murray honoured in Queen's New Year List.
Broader market underperformed the headline indices
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The Sensex ended in red on domestic concerns.
Weaker-than-expected growth in US jobs in recent months had already forced US central bankers to put off a rate hike at their meeting last week
Domestic shares and other global markets rose on upbeat trade data from China earlier in the day and after a US House deal extending the federal borrowing authority.
The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
Foreign funds sold Indian shares worth 446.9 million rupees ($7.4 million) on Wednesday, provisional exchange data showed, marking the third consecutive session of outflows.
Nifty ends above 8,600; Tata Motors, RIL top leaders
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
Reflecting nervousness over the prospect of the Federal Reserve tightening policy and event risk, traders stayed on the sidelines
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Global adulation continued to pour in for Sachin Tendulkar, as after being named Person of the Moment, Time magazine has now conferred the retiring batting legend with the 'Person of the Week' honour.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
State Bank of India chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran Mazumdar-Shaw and HT Media chair Shobhana Bhartia are among the world's 100 most powerful women.
Fed rate hike 'makes sense,' says US reserve bank president.
Side indices raced ahead with BSE Midcap and BSE Smallcap advancing 0.4% and 0.3% up, respectively.
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
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"I am many things: a son, a brother, and uncle, a friend, an athlete, a cook, an author, and being gay is just one part of who I am," said Boitano, the 1988 Olympic gold medallist in a statement. "First and foremost I am an American athlete and I am proud to live in a country that encourages diversity, openness and tolerance.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
The gains will provide a much-needed reprieve after the rupee fell for a fifth week and hit an over two-month low last week in trade.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
Rupee down 13 paise to 66.72 against dollar
The rupee had gained 24 paise to close at nearly one-week high of 60.95 against the dollar yesterday following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows.