Indian shares likely to consolidate after foreign inflow-driven rally
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian shares are expected to open little changed on Thursday after a sharp rally.
- ✓Benchmark indexes look to consolidate following sustained foreign fund inflows and lower crude oil prices.
- ✓Hariselvan Radhakrishnan said, "Lower crude oil prices continue to provide a supportive backdrop, but the market's extended rally may restrict immediate upside."
Story at a Glance
- Category
- Indian Markets
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Indian shares are expected to open little changed on Thursday, as benchmark indexes look to consolidate after a sharp rally driven by sustained foreign fund inflows, lower crude oil prices and a cooling global AI trade.
GIFT Nifty futures were at 25,270 as of 8:00 a.m. IST, indicating a muted start for the benchmark Nifty 50, which ended at a more-than-eight-month closing high of 25,255.05 on Wednesday.
Foreign portfolio investors bought 125.63 billion rupees ($1.34 billion) worth of Indian shares on Wednesday, provisional data showed. They have net bought $6.43 billion of shares in November, already their biggest monthly purchase since September 2024.
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