India Stock Market Today: Sensex Jumps 1,000 Points, But Rupee’s Record Low Tests the Rally
Indian equities surged on Thursday, snapping a four-day losing streak as the Sensex jumped more than 1,000 points during the session and the Nifty 50 pushed past 23,750. Bargain hunters stepped in, scooping up stocks hit hard in recent sessions. Still, the rupee slipped to yet another record low and crude oil prices stayed stubbornly above $100 a barrel, keeping the rebound on uncertain footing. The shift is notable, with India’s equity market still working to steady itself after the Sensex and Nifty both dropped close to 4% over the last four sessions. That slide came against a backdrop of a softening rupee, pricier oil, and ongoing foreign portfolio outflows—the same pressures haven’t eased.
