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Indian markets brace for macrodata amid cautious investor sentiment
Indian benchmark indices have shown resilience amid concerns over a slower pace of rate cuts and persistent inflation. While foreign institutional investors have recently sold off after a brief buying period, easing geopolitical tensions may encourage broader market consolidation.
Indian markets gain modestly as Adani stocks rebound and autos rally
In a volatile session on November 27, the Sensex rose by 230.02 points to close at 80,234.08, while the Nifty gained 82.20 points, ending at 24,276.70. The rally was driven by gains in energy, auto, metal, and bank stocks, alongside a notable recovery in Adani Group shares, which surged by up to 12 percent. Despite some laggards like Titan Company and Wipro, market sentiment improved with indications of foreign institutional investors becoming net buyers.
Nifty and Sensex decline as global cues weigh on market sentiment
Nifty and Sensex continued their decline for a second consecutive session on October 31, influenced by weak global cues, particularly from the US economy. The Sensex fell by 87.90 points to 79,854.28, while the Nifty dropped 10.60 points to 24,330.20. Despite domestic investors buying the dips, market sentiment is expected to remain negative until foreign institutional investors reduce their selling.
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