Mumbai: Indian equity benchmarks stretched their 2-week winning run to Thursday in a stunning reversal of roles that has seen overseas investors, hitherto net sellers, pump in more than ₹75,000 crore through November. Patient domestic investors booked profits, limiting the gains for headline indices.
The BSE climbed 31.61 points or 0.04% at 81,911.01, and the 's closed up 44.30 points or 0.18% at 25,299.35. Sensex fell 500 points from day's high while Nifty was trading below 25,250-mark.
Foreign Portfolio Investors (FPIs) were net buyers of equities worth ₹7,830 crore on Thursday, taking their net investments in November so far to the tune of ₹75,565 crore. (DIIs) sold shares worth ₹6,331 crore, taking their net sales in November to ₹46,835 crore.
traded near $92 a barrel, retreating from recent highs, as expectations of a US-Iran de-escalation and improving regional energy flows eased concerns over supply disruptions.
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Lower oil prices could offer relief to India's macroeconomic outlook and corporate cost structures, although the benefits will depend on the decline being sustained.
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However, elevated continued to pose a challenge to investor sentiment. The US 10-year Treasury yield hovered near 4.99%, keeping foreign investor flows in focus, as a sustained move above the 5% mark could make overseas investors more selective about their exposure to Indian equities.
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