Sensex, Nifty Stage a Minor Rebound Amidst FPI Outflows
Indian stock markets commenced trading on Monday with modest gains. The indices recovered slightly from oversold positions.
This uptick occurred despite persistent foreign portfolio investor (FPI) outflows. Weak global market trends also presented a headwind.
The recovery, while small, offers a glimmer of hope amidst challenging market conditions. Analysts remain cautious, however, citing the continued FPI selling pressure.
This minor rebound highlights the resilience of the Indian markets, even in the face of global uncertainty. However, investors are advised to proceed with caution and closely monitor global developments and FPI activity. The coming week will be crucial in determining the sustainability of this recovery.