Foreign Institutional Investors dumped about Rs 27 billion of Indian equities in a week that saw the Nifty slide 2.4%, while domestic institutions kept buying for a tenth straight week.
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The Sensex and Nifty ended a two‑week rally with declines of more than 2% amid rising crude prices and a ninth week of foreign fund outflows.
Spot gold edged lower while silver rose, as falling oil prices and easing expectations of an October Fed hike supported precious metals amid mixed inflation reports.
Indian indices are expected to open flat on Monday after a strong Friday close, while Asian markets slipped and US futures showed mixed signals amid high oil prices.
Brent crude steadied around $105 a barrel amid Iranian drone attacks, Gulf of Oman tensions and a host of regional conflicts, while supply‑side pressures linger.
India's central bank has introduced measures to curb speculative bets on the rupee, but analysts say fundamental pressures could push the currency toward the 100‑per‑dollar threshold by 2027.
Analysts expect Indian equities to open lower on Wednesday despite Tuesday’s sharp gains, as rising oil prices and Middle‑East tensions weigh on sentiment.
The Nifty 50 rose 1.3% to 22,520.45 on Friday, but analysts warn that high crude prices, continued foreign outflows and upcoming data could curb the rally.
The Sensex fell more than 1,000 points and the Nifty50 slipped below 22,250 on Thursday as Brent crude surged past $104, pressuring oil‑sensitive stocks across India.
Brent crude has stayed above $100 a barrel despite reports of pre‑war level flows, as record freight rates, war risk premiums and thin inventories keep the market on edge.