Rupee up 18 paise at 95.21; Sensex rises 480 points, Nifty tops 24,300
The Indian rupee rose 18 paise to 95.21 against the US dollar, while the Sensex gained 480 points and the Nifty 50 topped 24,300 in early trading. This rally followed a weaker-than-expected US jobs report, which eased concerns about aggressive interest rate hikes by the US Federal Reserve. Despite the positive domestic sentiment, foreign portfolio investors continued to sell Indian equities, offloading shares worth ₹3.12 billion on Thursday.