Indian shares edge lower as market consolidates after last week's surge
INDA•INDA•INDA•INDA•Indian shares fell 0.2% on Monday after rising about 10.5% over seven sessions through Friday. Foreign investors have bought more than $4.1 billion of Indian shares so far in November, their largest monthly inflows since September 2024.
The Nifty 50 and Sensex each fell 0.2% as of 9:35 a.m. IST, to 24,931.2 and 80,837.24, respectively. The indexes had risen about 10.5% in seven sessions through Friday, their longest winning streak so far this year.
Foreign investors have bought more than $4.1 billion of Indian shares so far in November, already their largest monthly inflows since September 2024. Ten of 16 major sectors traded lower; small-caps fell 0.1% and mid-caps 0.3%. Information technology stocks were down 1.3%, while financials rose 0.5%.
Divi's Laboratories rose 4.6% after reporting a 64% year-on-year increase in quarterly profit, extending a 7.5% gain in Sunday's special Diwali session. The pharma index rose 1.6%.
