Sensex Slips After Seven-Day Winning Streak

India’s BSE Sensex edged down around 0.2% to 80,822 on Monday, snapping a seven-session winning streak as investors booked profits following a sharp rally in domestic equities. The Nifty 50 also came under pressure after gaining around 10.5% over the seven sessions through Friday. Sentiment was supported by strong foreign inflows, with overseas investors purchasing more than $4.1 billion worth of Indian shares so far in November, marking their largest monthly inflows since September 2024. Meanwhile, the global retreat from AI-linked stocks is prompting investors to reconsider Asian markets, with India emerging as potential beneficiaries of a shift towards undervalued equities. Technology stocks led the losses, with TCS (-1.3%), Infosys (-1.9%), HCL Tech (-2.2%), and Tech Mahindra (-1.2%) among the notable laggards. On the upside, HDFC Bank (0.9%), State Bank of India (2.3%), and SAI Life Sciences (6.3%) posted gains.