Explained: Why Is the Stock Market Rising Today?
Three things are driving today's rally — foreign inflows, a softer dollar, and strong bank earnings. Here's the 60-second version.
Three things are driving today's rally — foreign inflows, a softer dollar, and strong bank earnings. Here's the 60-second version.
1. Foreign money is coming back in
FIIs have been net buyers for five straight sessions after months of selling, as global rate-cut bets improve the appeal of emerging markets.
2. The dollar is weaker
A softer dollar index makes it cheaper for foreign funds to buy Indian assets, and typically supports commodity and export-linked stocks too.
3. Bank earnings beat expectations
Private banks reported better-than-expected margins, easing concerns about asset quality that had weighed on the sector.
Written by
Ananya Rao
Editor-in-Chief
Ananya leads the newsroom at The Capital Wire, covering macro policy and markets for over a decade.
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