Indian shares open lower on foreign outflows
Indian equities opened lower as persistent foreign fund outflows weighed on risk sentiment, putting benchmarks on track for their eighth consecutive weekly decline. Easing crude oil prices helped limit the downside during morning trade.
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India equities opened lower on Thursday morning as persistent foreign fund outflows weighed on risk sentiment, with benchmarks sliding toward their longest weekly losing streak in 25 years. The Nifty 50 fell 0.34% to 22,543.7, while the BSE Sensex dropped 0.4% to 72,192.89 during early trading. Both indexes are heading for an eighth consecutive weekly decline.
