Sensex Surges 650 Points; Rupee Unchanged

The Indian rupee concluded Monday's trading session flat, holding at 90.66 against the US dollar. This stability came as positive movements in domestic stock markets were counteracted by a strengthening US dollar globally. Lower crude oil prices offered some support to the rupee, though outflows of foreign funds capped its appreciation.

Indian equity markets demonstrated notable strength, with the benchmark BSE Sensex climbing 650.39 points to close at 83,277.15. The broader NSE Nifty also advanced, gaining 211.65 points to reach 25,682.75. These gains were achieved despite a mixed global market sentiment and ongoing declines in IT stocks due to concerns over AI-related disruptions. Investors largely disregarded official data indicating that India's wholesale prices had risen more than anticipated in January, reaching a ten-month high.