Domestic equities gain momentum despite currency headwinds

Indian equities advanced at the open on global support and domestic buying, though a weak rupee and FII selling kept expectations of near-term consolidation intact.

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3 days ago

Domestic equities gain momentum despite currency headwinds

Domestic equities gain momentum despite currency headwinds
Indian benchmark indices opened higher on December 12, supported by positive global cues and sustained domestic institutional buying even as foreign investors continued to pare exposure. The Sensex rose nearly 387 points while the Nifty reclaimed the 26,000 level, reflecting confidence after the US Federal Reserve’s rate cut. Broader markets also traded in the green, with IT, auto, and pharma stocks leading gains