Indian shares likely to pause after foreign-inflow rally
Indian stocks are expected to open little changed as the Nifty 50 keeps gains from foreign buying and cheaper crude, after an eight-month closing high.
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what happened
Indian shares are expected to open little changed on Thursday, according to Reuters, as benchmark indexes look set to consolidate after a sharp rally. That rally was driven by steady foreign fund inflows, lower crude prices and a cooling global AI trade. GIFT Nifty futures were at 25,270 at 8:00 a.m. IST, pointing to a muted start after the Nifty 50 closed at 25,255.05 on Wednesday, its highest level in more than eight months.
Foreign portfolio investors bought 125.63 billion rupees ($1.34 billion) of Indian shares on Wednesday, provisional data showed. Their net purchases in November reached $6.43 billion, the largest monthly buying since September 2024. So far this month the Nifty 50 has risen 9.6% and the Sensex 10%. Brent crude futures fell more than 1% to $91.8 a barrel on hopes for progress in Middle East and Russia-Ukraine peace talks.
"Lower crude oil prices continue to provide a supportive backdrop, but the US 10-year Treasury yield near 4.99%, along with the extended rally, may limit immediate upside," said Hariselvan Radhakrishnan, founder and CEO of HST Wealth. MSCI added Adani Green Energy, Coforge, Life Insurance Corporation of India and Meesho to its India index and removed PI Industries. Bajaj Finance is launching a share sale of over $1 billion, and Tata Power reported a nearly 49% jump in second-quarter profit.
why it matters
India imports much of its crude, so its equity market is sensitive to Brent moves. Sustained foreign buying supports prices, but high US Treasury yields could cap further gains, analysts note.
market impact
Indian equities: foreign inflows and cheaper oil support the Nifty and Sensex indexes
- Nifty 50 pressure up — foreign funds keep buying Indian shares at a strong pace
tags
instruments
sources
- Indian shares likely to consolidate after foreign inflow-driven rally — Reuters, 12 November 2026 at 02:35 UTC
- Indian shares open flat after foreign inflow-driven rally — Reuters, 12 November 2026 at 03:52 UTC
- Indian shares likely to consolidate after foreign inflow-driven rally — Moody's, 12 November 2026 at 06:07 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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