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Indian Stock Market Shows Mixed Performance as Nifty Moves Above 25,800
Indian markets show a positive shift with Nifty crossing 25,800 as the rupee strengthens.
Indian equities saw a modest rise on Thursday with the Nifty 50 gaining around 30 points, crossing the 25,800 mark. The Sensex also followed suit, climbing above 84,600. The Nifty's 50-Day Moving Average has served as strong support during recent declines, leading to a steady recovery. The Indian Rupee has also strengthened after RBI's actions, trading at 90.30 against the US dollar. The surge in IT stocks, including heavyweights like Reliance Infra and Hindustan Zinc, contributed to the uptick.