The target for 2017-18 will nevertheless represent a 17 per cent rise from the actual level of $38.6 billion in 2016-17, according to provisional official estimates.
FMCG giant ITC rose the most among 30 Sensex constituents, climbing 2.82 per cent to Rs 293.95.
The rupee had closed with gains of 20 paise at 64.64 a dollar at the Interbank Foreign Exchange market on Friday.
While insurance companies pulled out over Rs 10,000 crore in the fourth quarter alone, FPI investments in both equity and debt markets have touched Rs 1,08, 484 crore in 2017
Sensex and Nifty recorded their second straight weekly gains by rising 276.77 points, or 0.91 per cent, and 27 points, or 0.28 per cent, respectively.
FMCG stocks hogged the limelight after the GST Council fixed rates for most of the goods.
Dollar struggles near six-month lows against a basket of major currencies
Experts are of the opinion that the recent levels breached by the stock markets isn’t something that will be short-lived, and unless necessary, they shouldn’t look to book profits, and thus stay invested
The performance of the fund, which was priced to yield 12 percent a year, will be closely watched by other issuers looking to raise at least $1.3 billion in similar deals this year.
The NSE index Nifty also slipped from record and slumped by 77 points, or 0.80 per cent, to 9,448.75.
The NSE Nifty scaled a new high of 9,532.60 points, and the BSE Sensex of 30,692.45 points.
The 50-share NSE Nifty too maintained its bull run and touched a new peak of 9,517.20.
The BSE Sensex soared 244.97 points, or 0.80 per cent, to scale yet another peak of 30,567.09, breaking its previous intra-day record of 30,366.43 reached on May 11.
The Nifty stayed with the trend as well, which rebounded 44.50 points, or 0.47 per cent, to bring up a fresh life high of 9,445.40, surpassing the previous 9,422.40 hit on May 11.
Sectoral indices, led by metal, realty, banking, FMCG, capital goods and PSU, rose by up to 1.02 per cent.
A higher opening in domestic stocks and continuous foreign capital inflows kept the rupee on a firm ground, dealers said.
BSE said it has been receiving requests from traders for withholding payout of funds and securities of unauthorised transactions and those involving alleged frauds.
Retail inflation, based on CPI, dropped to 2.99 per cent in April over last year, mainly due to lower cost of food items, including pulses and vegetables.
The 30-share Sensex slipped 63 points to end at 30,188.15, while the broader NSE Nifty finished 21.50 points lower at 9,400.90.
The NSE 50-share Nifty was also trading down by 21.15 points, or 0.22 per cent, to 9,401.25 at 1100 hrs.
The forex market also took inspiration from domestic equities' record-setting spree.
The 30-share BSE Sensex opened higher and soared to yet another intra-day record of 30,366.43, but slipped on profit-booking towards the fag-end.
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,407.30 points, was quoting at 9,433.75 points, up by 26.45 points or 0.28 per cent.
Forex market remained closed on Wednesday on account of 'Buddha Purnima".
Sentiment got a leg up after data showed that foreign funds, which were net sellers on the Indian bourses for the past few sessions, made fresh purchases in yesterday's trade, brokers said.
The 30-share index opened in green and advanced to 30,017.82, but later succumbed to profit-booking to hit the day's low of 29,911.44
On Monday, the rupee had gained 7 paise at 64.31 on bouts of dollar selling by exporters and banks amid firming equities.
All sectoral indices led by realty, consumer durables, metal, power and capital goods were trading in the positive terrain, rising up to 1.96 per cent.
The NSE 50-share Nifty index opened higher at 9,311.45 and hovered between 9,338.70 and 9,297.95 before ending at 9,314.05, a rise of 28.75 points, or 0.31 per cent.
The 50-share Nifty retook the 9,300-mark, scaled a high of 9,338.70 before ending up 28.75 points, or 0.31 per cent, at 9,314.05.
The NSE Nifty regained the 9,300-mark by rising 24.05 points, or 0.26 per cent, to trade at at 9,309.35.
Meanwhile, the benchmark BSE Sensex bounced 78.22 points, or 0.26 per cent, to 29,937.02 in early trade.
Property prices in seven of the country’s top eight cities fell in the three months to March with builders eager to liquidate inventory in a market badly hit by demonetisation.
The index had risen by 231.41 points in the previous session, buoyed by reforms steps in the banking and infra space.
The market also cheered the government's new policy aimed at boosting steel output
Experts are of the opinion that investors entering the equities market should stay invested for longer duration and go for SIPs to reap maximum benefits.