Nifty50 tops 25,650 as Sensex climbs 300+, rupee steadies around 88.62
Nifty50 tops 25,650 as Sensex climbs 300+, rupee steadies around 88.62
Indian equities rise with Nifty50 above 25,650 and Sensex up over 300 points; rupee strengthens to around 88.62 per dollar in early trade.
Indian stock markets kicked off on a positive note, with the Nifty50 breaching the 25,650 mark and the BSE Sensex gaining more than 300 points in early trade. The benchmark indices showed broad-based buying, led by momentum in financials and IT names, as traders shrugged off global jitters and focused on domestic cues. In early-session data, the Sensex hovered around the 83,780 level, while the Nifty hovered near 25,650, signaling growing risk appetite among investors.
Rupee movement complemented the equity rally, with the domestic currency advancing about 8 paise to around 88.62 per dollar in early trading. The combination of firmer domestic markets and a softer dollar helped provide a cushion for risk assets, even as global markets remained nuanced amid policy expectations and inflation readings.
Market participants noted that recent corrective moves in volatility had cooled, paving the way for a potential continuation of the uptrend if momentum sustains. While the broader market mood remained constructive, analysts advised investors to remain selective, keeping an eye on quarterly results and key macro data due in the coming weeks.
Looking ahead, traders expect the Nifty to sustain levels above 25,650 to unlock further upside, with resistance nearby at around 26,000 and support anchored near 25,500. The Sensex could similarly test higher zones if buying pressure persists, while currency moves may continue to influence flows across equities.
Cover image source: Rupee rises 8 paise to 88.62 against U.S. dollar in early trade 🔗
