Indian Rupee Finished The Day at 94.555

The Indian rupee closed at 94.555 on Tuesday in comparison to its previous at at 94.70 on Monday evening. The Indian Rupee is exhibiting strength against the US Dollar, traded near 94.58 as a result of lower oil prices following the US-Iran peace agreement and a positive shift in foreign institutional investor sentiment toward Indian equities. While markets monitor developments regarding the Strait of Hormuz and await the Federal Reserve's upcoming monetary policy announcement under Chairman Kevin Warsh, technical indicators suggest the USD/INR pair remains in a corrective phase, with further downside potential unless it can sustain a breakout above its 20-day exponential moving average.

At close, the Sensex was up 544.15 points or 0.71 percent at 76,808.48, and the Nifty was up 135.25 points or 0.57 percent at 23,989.15.

Biggest Nifty gainers were HCL Technologies, Tata Consumer, HUL, Bajaj Finserv, NTPC, while losers included Hindalco, JSW Steel, HDFC Life, Eicher Motors and Apollo Hospitals.

Indian equity markets closed on a strong note, with the Nifty 50 rising 135.25 points to settle near the 24,000 milestone at 23,989.15, while the Sensex climbed 544.15 points to 76,808.48. This positive momentum was largely driven by optimism surrounding a de-escalation in US-Iran tensions and the subsequent decline in global crude oil prices, which bolstered investor sentiment and supported the Indian rupee, which appreciated 15 paise to 94.56 per dollar. Sectorally, the rally was broad-based, led by gains in IT, FMCG, realty, and energy stocks, whereas metal stocks faced selling pressure due to a pullback in global commodity prices. While the market displayed resilience and steady buying interest, some analysts noted that indices remained range-bound, with participants keenly awaiting further commentary from the US Federal Reserve regarding its monetary policy trajectory.