The Sensex opened sharply higher at 84,238.86, maintaining steady momentum throughout the day. Strong demand for heavyweights like TCS, Infosys, Adani Ports, and Sun Pharma supported gains, while Tata Steel and Tata Motors ended lower.

According to Vinod Nair, Head of Research at Geojit Financial Services, global equities rallied on improved risk appetite. Optimism grew around the possible resolution of the U.S. government shutdown and expectations of early Fed rate cuts. Positive domestic cues such as easing inflation, robust GDP growth, and healthy FY26 earnings outlook also boosted investor confidence.

Sectorally, Nifty IT rose 2.04%, Nifty Auto gained 1.24%, and Nifty Bank added 0.23%. Broader indices also advanced, with Nifty Midcap 100 up 0.79% and Smallcap 100 up 0.82%. The rupee traded mildly weaker at ₹88.62, while the dollar index hovered near $99.60 ahead of key U.S. CPI data.

The post Indian Markets Gain for Third Day as IT, Auto Stocks Rally appeared first on India Podcast.

Analysts said the rupee rises 14 paise to 87.95 against dollar mainly on the back of strong domestic equities. However, pressure remains from concerns over U.S. tariffs on India and global market uncertainty. Traders also noted the possibility of Reserve Bank of India intervention to curb volatility after the rupee touched record lows last week.

On September 5, the currency had dropped to an intraday low of 88.38 before closing at 88.09. It recorded its lowest closing level of 88.15 on September 2.

Globally, the dollar index eased to 97.40 as U.S. economic data signaled a potential rate cut by the Federal Reserve. Meanwhile, Brent crude traded at $66.37 per barrel, up 0.53%.

In equities, Sensex surged 366.87 points to 81,154.17, while Nifty rose 101.35 points to 24,874.50. Despite the rebound, experts warn that trade tensions and tariff disputes may continue to cap gains for the domestic currency.

The post Rupee Rises 14 Paise to 87.95 Against Dollar appeared first on India Podcast.

At the interbank foreign exchange, the local currency opened at 88.11, slipped to an intra-day low of 88.38, and finally closed at its weakest-ever level of 88.27. On Thursday, the rupee had ended at 88.12, while its previous all-time closing low of 88.15 was recorded earlier this week on September 2.

Forex traders attributed the fall to sustained foreign fund outflows and renewed speculation about additional U.S. tariffs on Indian exports, particularly in the IT sector. The rumors, reportedly linked to the Trump administration, briefly shook equity and currency markets, even though they were later denied.

“The rupee failed to recover after the clarification, suggesting underlying weakness. Persistent selling by foreign portfolio investors is adding pressure,” said a market analyst.

Traders also pointed out that the Reserve Bank of India (RBI) likely intervened to prevent a sharper slide, but the central bank’s efforts could not offset broader bearish sentiment.

On the global front, the dollar index fell 0.31% to 98.03, while Brent crude slipped to $66.82 per barrel, developments that usually support the rupee. However, domestic vulnerabilities overshadowed these positives.

The post Rupee Hits Fresh Low at 88.27 Against Dollar appeared first on India Podcast.