Image Source: The Economic Times
India’s benchmark Nifty 50 index closed provisionally 0.75% higher, reflecting investor confidence and steady market momentum. The Indian rupee also appreciated 0.24% to 91.72 against the U.S. dollar, compared to its previous close of 91.9. Together, these movements highlight resilience in equities and currency markets as of February 1st.
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Indian markets ended the session on a positive note today, with the Nifty 50 index provisionally closing 0.75% higher. The rally was supported by broad-based sectoral gains and optimism around corporate earnings. At the same time, the Indian rupee strengthened against the U.S. dollar, signaling improved currency stability.
Key Highlights
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Nifty 50 Performance: Closed 0.75% higher, driven by strong buying across sectors.
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Rupee Movement: INR appreciated 0.24%, settling at 91.72 per U.S. dollar (previous close: 91.9).
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Investor Sentiment: Gains linked to optimism around earnings and supportive global cues.
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Currency Outlook: Rupee strength reflects improved foreign inflows and stable macroeconomic indicators.
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Market Implication: Dual rise in equities and currency underscores resilience in India’s financial markets.
Sources: Reuters, NSE India, RBI currency data.
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