An expected rise in inflation dented investors' risk-taking appetite on Monday and pulled the Indian equity market deep into the red, with both indices registering their highest fall in the last six months, analyst said.

Caution ahead of key macro-economic data, coupled with volatile global crude oil prices and a rise in the demand for US dollars pulled the Indian rupee to a fresh low on Wednesday.

The key Indian equity indices touched fresh record high levels on Monday morning tracking firm global cues.

Indian multinational Larsen & Toubro's (L&T) Board has approved a proposal to buy back equity shares worth Rs 9,000 crore.

Fears over a rise in global protectionist measures, along with rupee movement and direction of foreign funds, are likely to chart the course of major domestic equity indices during the week starting on August 20.

The key Indian equity indices opened on a positive note on Friday with the benchmark S&P BSE Sensex gaining over 200 points, supported by broadly positive cues from the global markets.

Geo-political concerns over global protectionist measuresalong with profit booking subdued the key indices of the Indian equity market on Friday.

Profit booking along with broadly negative global cues subdued the Indian equity market during the early morning trade session on Friday.

The government on Tuesday sought Parliament sanction for gross additional expenditure of Rs 11,697.92 crore for the current financial year, including an amount of Rs 980 crore for infusion of equity into the heavily indebted Air India.

Ahead of the Union Budget 2018-19 presentation by Finance Minister Arun Jaitley in Parliament, the key Indian equity indices on Thursday traded with appreciable gains.