Indian equity benchmarks recorded their strongest weekly gains in over a year, with the Nifty rising 8.58 per cent and Sensex gaining 8.82 per cent. Strong foreign inflows, domestic fundamentals and easing global concerns supported the rally.
Indian stock markets rallied as Sensex approached the 80,000 mark and Nifty gained amid sustained foreign institutional buying. Strong corporate earnings and large-cap valuations supported sentiment, while IT and banking stocks advanced. Metals, chemicals and realty sectors witnessed selling pressure
The rupee fell 34 paise to 95.08 against the US dollar as Brent crude crossed USD 100 a barrel amid escalating US-Iran tensions. Weak equities, FII outflows and risk aversion also weighed on the Indian currency on Wednesday
The combined market valuation of nine of India's top-10 most-valued companies rose by Rs 2.51 lakh crore last week, led by Bajaj Finance. Strong equity markets, easing crude prices, improved investor sentiment and renewed FII buying supported the gains
The rupee weakened by 4 paise to close at 96.57 against the US dollar as elevated crude oil prices and weak domestic equities weighed on sentiment. Traders said likely RBI intervention helped limit losses despite heightened geopolitical tensions in West Asia
The rupee appreciated 31 paise to 94.24 against the US dollar in early trade on Thursday, supported by falling global crude oil prices, a weaker dollar index and positive domestic equity market sentiment. However, continued foreign institutional investor outflows limited further gains in the local currency
