Indian Stock Market Today: Sensex and Nifty Extend Gains, Rupee Strengthens While Gold Prices Ease
Indian stock markets closed higher on Tuesday as Sensex and Nifty extended gains. The rupee strengthened to ₹94.97 against the US dollar, while gold prices eased across India.
Prasanth Subramani
Indian stock markets ended Tuesday on a positive note, with the BSE Sensex and NSE Nifty extending their winning momentum amid sustained buying in banking, information technology (IT), and financial sector stocks. The rally was supported by positive global market trends, strong investor sentiment, and optimism ahead of the upcoming corporate earnings season, although investors remained cautious over key global economic data expected in the coming days.
Gold prices, however, witnessed a modest decline across India, providing some relief to buyers. The fall was attributed to softer international gold prices and a relatively stable US dollar, which reduced pressure on domestic bullion prices.
In the foreign exchange market, the Indian rupee strengthened against the US dollar, closing at approximately **₹94.97 per US dollar**. The appreciation was driven by improved foreign institutional investment inflows, broad-based dollar selling in global markets, and gains in several Asian currencies.
Overall, the Indian financial markets reflected a positive sentiment, with equities continuing their upward trend, the rupee posting gains against the US dollar, and gold prices easing slightly as investors closely monitor domestic earnings, global economic indicators, and international market developments.
