Indian shares consolidate in Diwali session after seven-day rally
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian shares closed the special Diwali session little changed on Sunday, pausing a seven-day rally.
- ✓Foreign investors bought shares worth 459.61 billion rupees last week, helping the market.
- ✓Ravi Singh said, "The recent decline in crude oil prices following the US midterm elections has eased concerns over inflation and the rupee."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Nov 8 (Reuters) - Indian shares closed the special Diwali session little changed on Sunday, pausing a rally driven by a resurgence of foreign inflows, as limited exposure to AI insulated domestic stocks from the global technology selloff.
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The benchmarks had jumped more than 10% in the seven sessions up until Friday, as a sharp decline in oil prices after the US midterm election results boosted sentiment for stocks in Asia's third-largest economy.
Foreign portfolio investors bought shares worth 459.61 billion rupees ($4.89 billion) over five sessions last week, including their biggest single-day buying session in India in about six years on Thursday.
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Reuters
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