economy

Rupee Strengthens to 95.21, Sensex Surges 480 Points, Nifty Crosses 24,300

Published on: 03 Jul 2026, 03:53 AM

Indian financial markets opened on a positive note on Friday, buoyed by a stronger rupee and improved global sentiment following weaker-than-expected US jobs data that tempered expectations of aggressive interest rate hikes by the US Federal Reserve.

The rupee strengthened by 18 paise to open at 95.21 against the US dollar, compared to its previous close of 95.39.

Equity benchmarks also started the day in the green. The Nifty 50 opened above the 24,300 mark, while the Sensex gained approximately 480 points in early trade amid mixed global cues.

Earlier, GIFT Nifty futures indicated a positive start, rising 150 points to 24,414 as of 7:43 am IST.

Domestic sentiment has been supported by sustained institutional buying and easing crude oil prices. Domestic institutional investors (DIIs) remained net buyers for an eighth consecutive session on Thursday, contributing to the Nifty 50 and Sensex gaining 1.3 per cent over the previous two sessions.

Source: Indian Express

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