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Markets Extend Gains for Second Week as Nifty Touches Fresh High
Indian markets extended gains into a second week with the Nifty reaching a new high, although the rupee weakened against the dollar amid global pressures.
Indian equity markets extended their winning streak into a second consecutive week, with the Nifty hitting a fresh high on sustained buying interest. Broad market participation was evident as frontline indices advanced, supported by positive domestic cues and robust investor sentiment. However, the Indian rupee weakened against the U.S. dollar, reflecting external pressures amid global macro uncertainty. Cited strong corporate earnings expectations and stable liquidity conditions as key drivers behind the momentum, while caution remains around inflation data and global cues.