Sectorally, auto and banking stocks were the top losers with BSE auto index falling 248 points and BSE bankex losing 241 points. On Nifty, top losers were Bajaj Finance, Sun Pharma and Bajaj Finserv.

The strong buying activity by DIIs has helped market scale all-time highs this fiscal. But when it comes to Indian markets, contribution of FIIs cannot be ruled out.

The Sensex touched an all-time high of 38,736 with 29 of the 30 components trading in the green. The Nifty was just short of hitting the key 11,700 level after reaching a record high of 11,695 in trade today.

The rupee set a new all-time low record today, staying above the psychologically-important 70 mark against the US dollar. Here are the factors weighing down the rupee.

The rupee continued to muscle up against the US currency for the second straight week as it extended gains after overcoming initial volatility amid a ratcheting up of global trade war rhetoric.

The Sensex plunged 356 points to close at a one-week low of 37,165.16, while the NSE Nifty dropped 101.50 points to finish below the 10,300-mark.

The latest sell-off comes after foreign portfolio investors withdrew over Rs 61,000 crore from the capital markets in the last three months (April to June). Prior to that, overseas investors had infused Rs 2,661 crore in March.

The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors.

Continuing their selling spree, foreign investors have pulled out nearly Rs 1,200 crore from the debt markets in the first two weeks of the month on higher fuel prices and possibilities of rate hike by the US Federal Reserve.

The banks are among the first major companies to report results in what is expected to be a strong second-quarter earnings season thanks to US tax cuts and a humming American economy.

New RBI regulations have created a flutter in the P2P market.

This comes following a net outflow of over Rs 45,000 crore from capital markets (equity and debt) in the last two months. Prior to that, foreign portfolio investors had pumped in Rs 2,600 crore in March.

Days after the Reserve Bank of India ( RBI) hiked the repo rate for the first time in four years by 25 basis points to contain inflation, bad news is pouring in from all sides.  Here are the four key developments.

RBI has signalled the end of soft interest rates. This will impact capex and economic recovery.

Later, the yields rally lost steam and the bond yield fell to 7.931% at 12:26 pm. The rise in yields comes two days after the monetary policy committee raised repo and the reverse repo rate each by 0.25%. The 10-year bond yield closed at 7.917% rising 1.06% on June 6, the day when the central bank raised key rates.

The anticipated increase could put a dent in growth, which has recovered after blows from the November 2016 demonetisation and the bumpy July 2017 launch of a national goods and services tax. India reported stellar 7.7 annual per cent growth for the quarter ended March 31.

Economic Affairs Secretary Subhash Chandra Garg has gone on record saying that interest rates are unlikely to go up. But there are enough reasons for interest rates to move northwards.