Global anxieties along with rising imports and persistently high crude oil prices will weaken the Indian rupee in the coming week.
On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week
European shares also looked set to rise on opening with pan-region Euro Stoxx 50 futures up 0.61% and FTSE futures 0.41% higher.
RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished
Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday
MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most.
The MSCI India index beat the MSCI World gauge of developed nations by more than six percentage points last month, the biggest gap since 2018
Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent
However, healthy buying in the broader market kept overall market breadth in the favour of the buyers
This boom's causes are twofold -- an economic reopening after Covid that has spurred surging demand for goods and raw materials
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
Silver is selling at Rs 65,000 per kg, down Rs 300 from yesterday's trading price
WASHINGTON/MILAN (Reuters) -U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.
European stocks retraced ahead of an ECB policy meeting on Thursday. The STOXX 600 benchmark was down 0.5% but just below its lifetime peak hit in August.
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
The domestic benchmark indices extended their gains to the third day in a row on Monday
The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today
The Nifty Realty index jumped 5 per cent today while the Nifty Metal index slipped 1.8 per cent