Indian shares open flat amid foreign outflows
Indian shares opened flat on Wednesday as a sectoral rebound was offset by sustained foreign selling. Foreign investors offloaded shares worth 99.8 billion rupees on Tuesday, marking their largest outflow in four months.
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India shares opened flat during Wednesday morning trading after foreign investors offloaded 99.8 billion rupees ($1.04 billion) in equities. The session followed a two-day selloff that dropped major indexes 1.8% over the prior sessions. Sustained capital outflows and lingering geopolitical tensions between the United States and Iran kept market sentiment fragile.
