In comparison, fund managers had allocated Rs 71,864 crore for bank shares in the year-ago period.
The gauge had gained 164.48 points to settle at 29,332.16 points in the previous session.
The rupee had lost 8 paise to close at 65.52 against the US currency due to bouts of dollar demand from importers and banks.
Correlation in India belies developed-market maxim as in those markets, rising inflation is not always a problem
All the sectoral indices, led by capital goods, oil & gas and metal, were trading positive, rising up to 0.92 per cent.
The benchmark BSE Sensex fell by 221.71 points, or 0.75 per cent, to 29,263.74 in early trade today.
Damani, whom many consider as India’s Warren Buffett and mentor to many other heavyweight investors including Rakesh Jhunjhunwala, has been in the billionaire list for a while.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 80.6273 and 57.95 per 100 yens, respectively.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Brokers said resumption of buying by investors coupled with continued inflow of foreign funds and a firm trend in other Asian bourses, helped indices to trade in positive terrain.
Idea Cellular tumbled 9.55 per cent to Rs 97.60 after the company announced its merger with Vodafone India to create the country's largest mobile telephone services player.
Telecom giant Bharti Airtel was one of the biggest gainers while Idea Cellular was the worst loser.
The index had gained 250.88 points in the last two sessions.
The Sensex touched a high of 29,699.48 points and a low of 29,544.21 points in the trade so far.
Further, a higher opening in the domestic equity market and strong FII inflows influenced the rupee uptrend, they added.
The BSE has been as such proactive over the years for delisting of stocks were no trades have taken place for a long time, after giving due time to those companies for compliance.
A senior official said the Ministry of Finance gave its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
The retail portion was subscribed by two times with retail bid worth Rs 3,500 crore against the offer of Rs 1,750 crore.
Experts who predict that luxury housing in India is finished ignore that such housing caters to a specific segment of demand which has not gone away
The NSE Nifty crossed the key 9,200-mark for the first time in early hours to hit an all-time high of 9,218.40.
The dollar's strength overseas weighed, but a higher opening in domestic equities cushioned the impact
The 30-share BSE index settled higher by 187.74 points, or 0.64 per cent, at 29,585.85.
He said that gradual approach in future increases would augur well for emerging markets
The NSE index rose to a record 9,158.45 before ending the day at a new closing high of 9,153.70, up 68.90 points, or 0.76 per cent, breaching its earlier 9,087 scaled on March 14.
The domestic currency hovered in a range of 65.41 and 65.21 during morning deals.
Foreign investors made net investments of `4,087 cr ($625.76 mn) worth of shares on Tuesday, according to the BSE data
IT stocks continued to slide, dragged down by a stronger rupee, which rallied to a fresh 16-month high of 65.69.
Selling of the US dollar by exporters and banks and its weakness overseas gave the rupee an upperhand, dealers said.
Gains in stocks, rupee supported by strong inflows from foreign portfolio investors.
The BJP's victory in Uttar Pradesh, coupled by a landslide win in Uttarakhand, seem to have removed investors fears about the advance of reforms in the economy.
On Friday, the rupee had gained 11 paise to close at a fresh 4-month high of 66.60 against the dollar on renewed selling of the US currency by exporters and banks.
"Investors will give a premium to Indian markets for the likelihood of a long-term stability at the Centre and thereby consistency in policies,” said C J George, managing director, Geojit Financial Services.
Forex market sentiment turned highly buoyant after overcoming from initial volatile moments on expectations of a big win for the BJP in the latest round of state assembly elections in five states.
Investors had reacted positively in the morning session to the exit polls last evening showing BJP as the single largest party in UP and Goa, but trimmed their gains through the day.
In terms of weekly performance, the Sensex advanced 113.78 points, or 0.39 per cent, and the Nifty 37 points, or 0.41 per cent.
Overall forex market sentiment turned extremely bearish and displayed some signs of exhaustion in view of key macroeconomic data releases including the IIP and inflation data.