Equity benchmarks ended with losses on Thursday, reversing gains of the past two days over a weakening rupee and demonetisation woes but IT and metal ended with gains. Infosys, Wipro, TCS, Tech Mahindra, Mindtree, Hindalco and Vedanta were gainers on the BSE.
TCS gained 1.38 percent at Rs 2,186, Wipro was up 0.45 percent at Rs 450, Infosys ended 1.33 percent higher at Rs 932, Tech Mahindra rose 1.76 percent to Rs 459, Hindalco jumped 4 percent to close at Rs 180 and Vedanta ended 2.16 percent higher at Rs 221.
A fall in the value of rupee translates into gains for exporters.
TCS said implementation of a unified global process blueprint for ASML, a leading manufacturer of chip-making equipment.
Infosys announced signing a definitive agreement to invest Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund.
The BSE Sensex closed 192 points down at 25,860 while the NSE Nifty ended 68 points lower at 7,965. Sectoral gainers on NSE were information technology, metals and public sector banks.
Top Sensex losers were Tata Motors, Axis Bank and Sun Pharma.
"The tepid interest in rolling over suggest that traders are a bit circumspect, especially with RBI and FOMC rate decisions scheduled in the early part of December. Though the day ended on a weak note, the premium given to Nifty December futures suggests that bulls have not given up yet," Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services, said in a note.
Stocks in the BSE500 universe that scaled a new 52-week high included Hindustan Zinc, Adani Transmission, Hindalco and Oil India, while scrips that touched a new 52-week low were HT Media, Alok Industries, Network 18, J&K Bank and Reliance Power.
Meanwhile, the government has extended relaxation in the deadline for accepting of demonetised currency notes at select places.
The government has extended the exemption on toll tax on all national highways until December 2 midnight, Union Minister Nitin Gadkari said.