India’s Nifty 50 index provisionally closed 0.19% higher at 25,776 points today, reflecting cautious optimism in equities. Meanwhile, a Reuters poll projects the Indian rupee to strengthen to 90.19 per US dollar by end-April 2026 before weakening slightly to 90.63 by end-July, driven by global and domestic factors.
India’s financial markets presented a balanced picture today, with equities edging higher and currency forecasts showing a mixed trajectory. The Nifty 50 index ended 0.19% higher at 25,776 points on February 4, 2026, supported by gains in banking and energy stocks, while IT counters remained subdued.
According to a Reuters poll, the Indian rupee is expected to appreciate to 90.19 per US dollar by end-April, aided by foreign inflows and stable monetary policy. However, by July, the currency is projected to weaken to 90.63, reflecting seasonal demand pressures and global dollar strength.
Key highlights from the announcement include
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Nifty 50 provisionally closed 0.19% higher at 25,776 points
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Banking and energy stocks supported gains, IT sector weighed on sentiment
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Reuters poll sees rupee at 90.19/$ by end-April, weakening to 90.63/$ by end-July
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Currency outlook shaped by foreign inflows, RBI policy stance, and global dollar trends
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Markets remain cautious amid global uncertainties and domestic fiscal developments
Analysts note that while equities are showing resilience, the rupee’s trajectory will depend on capital flows, crude oil prices, and RBI’s monetary stance. Both markets are expected to remain sensitive to global cues and domestic policy announcements in the coming months.
Sources: Reuters, Economic Times, Business Standard, NSE India