India’s Nifty 50 index provisionally ended 2.49% higher today, while the Indian rupee recorded its strongest single-day appreciation since December 2018. The rupee closed up 1.36% at 90.2650 per US dollar, supported by foreign inflows, easing dollar strength, and strong equity market performance.
Live market updates as of Tuesday, February 3, 2026, 15:32 IST show a sharp rally across equities and currency markets. The Nifty 50 index provisionally ended 2.49% higher, led by gains in banking and IT stocks. Simultaneously, the Indian rupee posted its best single-day gain in over seven years, closing at 90.2650 per US dollar compared to the previous close of 91.5125.
Analysts attribute the rally to robust foreign institutional inflows, optimism following India’s fiscal roadmap in the Union Budget 2026, and a softer U.S. dollar index. The combined strength of equities and currency highlights investor confidence in India’s macroeconomic fundamentals.
Key highlights from the announcement include
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Nifty 50 index provisionally ends 2.49% higher
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Indian rupee rises 1.36% to 90.2650 per US dollar
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Best single-day rupee appreciation since December 2018
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Strong foreign inflows and easing global dollar strength supported gains
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Banking and IT stocks led equity market rally
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Union Budget 2026 fiscal clarity boosted investor sentiment
Industry experts note that the simultaneous surge in equities and currency reflects robust investor confidence in India’s economy. While supportive domestic and global factors are driving momentum, external risks such as oil prices and global monetary policy remain key watchpoints.
Sources: Reuters, Economic Times, Business Standard, Moneycontrol