Indian stocks end eight-week losing streak
Indian equity benchmarks recovered after a volatile week, snapping an eight-week losing run as buying returned to IT, FMCG, autos and financials.
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Indian equity benchmarks recovered after a volatile week, snapping an eight-week losing run as buying returned to IT, FMCG, autos and financials.
The BSE Sensex rose 879.09 points (1.23%) to 72,472.33 and the NSE Nifty 50 gained 288.65 points (1.30%) after the previous session’s sharp selloff.
India's benchmark indices posted their eighth straight weekly loss, marking the longest losing streak in 25 years. They also logged their steepest monthly drop since March. Foreign investors have seen record selling this year, with outflows reaching $27.8 billion.