Markets Extend Gains in Budget Week; Rupee Rebounds on DII, FII Support

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Moneycontrol•07-02-2026, 09:49
Markets Extend Gains in Budget Week; Rupee Rebounds on DII, FII Support
- •Indian equity indices extended gains for a second consecutive week, driven by DII support, FIIs turning buyers, US-India trade agreement, and in-line RBI policy.
- •BSE Sensex rose 1.59% to 83,580.40, and Nifty50 gained 1.47% to 25,693.70.
- •Nifty Midcap and Smallcap indices saw gains, with several stocks rallying over 10-20%.
- •Reliance Industries, Bharti Airtel, ICICI Bank, and Power Grid Corporation of India added most to market capitalization.
- •Indian rupee snapped a three-week losing streak, ending 133 paise higher at 90.66 against the dollar.
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