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Ep-1026 | Daily Money Show | Stock Market News Today
Takeaway
Rupee strength and upcoming India-US trade negotiations powered a strong broad-based rally led by banks.
Summary
- Sensex up 1,078 points to 77,984; Nifty up 307 to 23,658; mid-cap +1.33%, small-cap +0.99%, Bank Nifty +2.2%.
- Rupee strengthened from Rs 87.47 to Rs 85.61 per USD - positive for economy and a key reason for the rally.
- US Trade Representative scheduled to visit India March 25-29 to negotiate ahead of April reciprocal tariffs.
- Continuation of last week's positive momentum with broad-based gains, especially banks.
rupeetrade-talksrally
Original description
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