Indian stock markets ended the week on a positive note, breaking a two-week losing streak. The BSE Sensex saw a significant increase of 1.98 percent, while the Nifty50 rose by 1.7 percent.
This rally was partly driven by exit poll results that showed strong support for the current government in Maharashtra. Despite ongoing bribery allegations against Gautam Adani, the market remained resilient and largely ignored these concerns.
However, foreign institutional investors (FIIs) continued to sell off equities, with total sales amounting to Rs 11,414.18 crore for the week and Rs 40,947.35 crore for the month. This selling streak has now reached Rs 1,66,394 crore over the past 38 days.