Indian stocks edge higher on inflows and oil prices
Indian shares rose slightly on foreign inflows and lower oil prices. Investors also evaluated the potential impact of US midterm election results on global markets. Benchmark indexes gained for the fourth consecutive session.
Xurve View
Insights:
Xurve View
India's benchmark Nifty 50 and BSE Sensex rose 0.1% each during Wednesday morning trading, supported by foreign fund inflows and easing oil prices. The indexes advanced following political shifts in the United States and four consecutive sessions of gains. Sustained capital inflows and positive corporate earnings could help local equities maintain their upward momentum.
