Indian equities rebounded on Friday, breaking a three-day losing streak, driven by gains in PSU banks that lifted overall market sentiment. After October’s sharp rally, investors had been booking profits, causing benchmarks Sensex and Nifty to extend losses for three consecutive sessions.
Market sentiment was impacted by persistent foreign capital outflows and a cautious global environment, alongside short-covering pressure. This overshadowed optimism around strong corporate earnings and hopes for progress in India–U.S. relations.
Indian equities rebounded on Friday, snapping a streak of losses as PSU banks supported the overall market sentiments.
Sensex and Nifty were extending losses for a third consecutive session as investors booked profits following October’s sharp rally.
Investors are closely watching the interplay of foreign outflows, global risk sentiment, and domestic earnings, as these factors shape the near-term trajectory of the Indian stock market.
Author's summary: Indian stock markets rallied, led by PSU banks, ending a losing streak amid mixed sentiments caused by foreign outflows and hopes for better India-U.S. ties.