The Indian rupee eventually pull ahead from a six straight week of losses and ended with a solid 22 paise gain at 67.78 against the US currency, showing signs of a bullish resurgence after a rout.
Nifty shed 106 points to close at 10,430, hit by losses in sectors like metal, energy, realty and private banks amid continued foreign fund outflows and rising concerns over global crude oil prices.
Rupee declined 25 paise to hit a fresh 16-month low of 68.29 per dollar in early trade today ahead of the minutes of US Federal Reserve's last policy meet scheduled to be released later in the day.
Reversing its five-session fall, the NSE Nifty today recovered by 20 points to end at 10,536.70, helped by mild buying in some of the recently beaten-down stocks.
Continuing its downfall for a fifth straight session, NSE Nifty today declined by 79.70 points to end at 10,516.70 as the political situation in Karnataka left investors uneasy.
Nifty dropped by 60.75 pts to end at 10,741.10 in a volatile session as uncertainties around govt formation in Karnataka and growing geopolitical tensions in Korean peninsula hurt investor sentiment.
NSE benchmark Nifty shed its early strong gains to end almost flat after the BJP fell short of a simple majority in Karnataka elections.
US import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices.
Nifty slipped by 25 points to 10,716.55 on profit-booking mainly in realty, media, pharma, PSU bank, infra and metal sectors as investors turned cautious ahead of upcoming Karnataka assembly polls.
The broader NSE Nifty rebounded by 97 points to reclaim 10,700-mark following fresh buying in PSU bank, metal, media, energy, auto and FMCG stocks.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr