Sensex closed over 118 points down on Thursday.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
Consumers and commodities are his favourite sectors at the moment.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
The BSE Bank index was the worst performer among key indices with a steep fall of 463.96 points, or nearly 6.5 per cent at 6,749.78.
The Sensex opened with a negative gap of 579 points at 14,422
Juventus keeper Gianluigi Buffon is expected to favour a move to AC Milan rather than Arsenal.
The dollar weakness is really a combination of pretty good strength evolving out of Europe
The markets opened weak but have moved upwards showing some stability.
The much-awaited upturn in the stock market on Thursday added more than Rs 1.17 lakh crore to investor wealth, which had plunged by over Rs 4.35 lakh crore in the past four days amid heavy sell-offs.
BSE is among the world's ten largest exchanges in terms of market value, while it is the largest globally for number of firms listed on its platform.
Joining the war of words on divestment, former minister and BJP leader Arun Shourie on Thursday launched a counter attack on Finance Minister P Chidambaram
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Silver managed to recover some grounds.
The NSE Nifty closed at 3,638, down 133 points.
The markets hitting the lower circuit on Monday has come as a boon to investors to grab shares, say analysts.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
The former India hockey ace has decided to sell his house to finance the project.
Extending gains for the third day, gold prices rose by Rs 300 to Rs 30,700 per ten gram in the national capital today on sustained buying by stockists for the ongoing marriage season amid a firming global trend.
German engineering giant Siemens is likely to follow in IBM's footsteps by selling off its mobile phone business to a Chinese company, says the German newspaper Frankfurter Allgemeine Sonntagszeitung.
Under attack from Left parties on the Centaur Hotel sell-off, Finance Minister P Chidambaram on Tuesday
The American currency regained its buoyant strength after a brief sideways movement following overnight US Fed's optimistic tone about the future of the US economy
Experts caution against tough times in Indian equity markets in 2015.
The national carrier has started approaching Indian banks and public sector undertakings for disposal of these properties including floorspace in prime locations.
Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
The rally is being fuelled by across-the-board buying.
