Nifty holds gains as RBI defends rupee amid global instability
pre-market1 source ↓written by the desknot a recommendation
- index closed
- 22,750
- 22,713
- P/E ratio between
- 22-24
The Nifty index closed at 22,750, up from 22,713, showing resilience amid ongoing global geopolitical instability. The RBI's intervention has significantly supported the Indian Rupee, boosting market confidence. With a forward P/E ratio between 22-24, Indian equities remain competitively valued despite potential vulnerabilities to external shocks.
Not investment advice. For informational purposes only.