neutral
Recently
Oil prices and foreign investor selling drag Indian markets lower
Markets ended lower as crude oil prices and foreign selling pressured sentiment, even as PhysicsWallah posted strong profit growth and TCS shares surged after robust earnings.
Benchmark Indian equity indices closed lower after rising crude oil prices and sustained foreign institutional investor selling weighed on overall market sentiment. The Sensex declined nearly 300 points as FIIs offloaded shares worth Rs 656 crore during the trading session. Domestic institutional investors attempted to cushion the fall with net purchases of Rs 2,549 crore, but selling pressure remained dominant.