A benchmark index for Indian equities markets Tuesday slipped from the day's highs and closed 119 points higher, even as the rupee fell to a new low.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 15,995.69 points, closed at 16,065.42 points, up 119.32 points or 0.75% from its previous close at 15,946.1 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended in the positive, 34 points or 0.71% higher at 4,812.35 points.
The value of the Indian rupee fell to a record low of 52.73 to a dollar Tuesday morning as demand for the greenback by oil companies and investors rose sharply.
Broader markets also ended higher with the BSE midcap index closing 0.55% up. IT, metals and auto stocks were among the major gainers, while consumer durables and FMCG scrips saw selling.