Sectoral rally lifts small‑cap and mid‑cap indices, rupee strengthens

The Indian rupee opened stronger at 95.76 per dollar, up from the previous close of 96.73. Small‑cap and mid‑cap stocks led the gains, reflecting investor confidence in domestic earnings growth. While oil prices slipped below $103 a barrel, concerns linger over high U.S. bond yields and commodity costs. Analysts suggest foreign institutional investors may continue short‑term selling, but domestic institutions are expected to provide a balancing counterweight.