Supported by a surge in share prices, stocks of Reliance Industries hit $100-billion market capitalisation mark for the second time after first reaching the landmark level on October 18, 2007.
Rupee declined by 42 paise to hit a fresh 1-month low of 67.54 per dollar in early trade due to appreciation of the US currency overseas and outflows of foreign fund.
Reversing its three-day upsurge, the rupee crumbled against the US dollar and ended lower by 25 paise at 65.14 on fresh bouts of demand for the American currency.
Indian shares rose, buoyed by gains in refiners such as RIL as oil prices dropped overnight after crude oil and gasoline stockpiles rose unexpectedly in the US.
Indian shares eased after hitting record highs early as a string of weak quarterly results, including from Sun Pharmaceutical and Reliance Communications, hit sentiment.
Macro-economic data points, along with quarterly results and a decision on the GST sub-rates on gold, will form the major themes for the Indian stock markets.
Market benchmark Sensex heavily lost ground today and slumped by 262 points to hit a 21-month low.
The early momentum of the market fizzled out as the benchmark Sensex fell over 119 points to end below the key 26,000-mark.
Government's 10 per cent stake sale in IOC kicked off with some demand coming in from retail investors in initial trade.
The S&P BSE Sensex and CNX Nifty continued to decline for most of the week.