Currency Update:
- The Indian rupee slipped 0.1 percent to trade at 88.77 per US dollar as of 3:30 PM IST, reflecting a slight depreciation from the previous close of 88.69.
- This marks a continued mild weakening trend over recent sessions amid mixed domestic and global economic cues.
Stock Market Performance:
- India's benchmark Nifty 50 index provisionally ended the trading day up by 0.23 percent, signaling cautious optimism among investors.
- The gain reflects positive market sentiment bolstered by improved economic growth forecasts and reduced inflation concerns.
- Sector support came from metals, banking, and oil & gas stocks showing appreciable strength during the session.
- Market breadth was mixed with some profit booking in pharma, IT, and realty segments.
Market Sentiment and Outlook:
- Investors remain watchful amid global cues and domestic monetary policy signals from the Reserve Bank of India.
- Continued foreign institutional investor activity and corporate earnings announcements are expected to influence near-term market direction.
Sources: Moneycontrol, Trading Economics, Business Standard, NDTV Profit, Economic Times