Indian Markets Close Higher as Rupee Gains and Nifty 50 Rises

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The Indian financial markets ended on a positive note, with the rupee strengthening against the US dollar and the Nifty 50 index closing higher. The rupee appreciated by 0.4 percent, settling at 84.25 per dollar compared to its previous close of 84.58. The currency’s movement reflects improved investor sentiment and stable macroeconomic conditions.

Meanwhile, the Nifty 50 index provisionally ended 0.47 percent higher, continuing its upward trajectory amid selective buying in banking and IT stocks. The broader market witnessed volatility, but strong performances in key sectors helped sustain gains.

Market analysts attribute the rupee’s appreciation to easing global trade tensions and steady foreign inflows. The equity markets also benefited from positive earnings reports and expectations of stable monetary policy. Investors remain optimistic about near-term market trends, with key resistance levels being closely monitored.

Market summary:
- Indian rupee strengthens by 0.4 percent, closing at 84.25 per US dollar
- Nifty 50 index rises 0.47 percent, reflecting positive investor sentiment
- Banking and IT stocks contribute to market gains
- Analysts cite easing global trade tensions and foreign inflows as key drivers

Sources: Moneycontrol, Economic Times, Mint Business News