Indian stocks set for pullback after global tech selloff

Indian shares are poised to break a six-session winning streak as a rout in global technology markets dampens investor sentiment. Analysts anticipate a volatile session marked by profit-booking and consolidation despite strong recent foreign inflows.

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FILE PHOTO: People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas/File Photo

India shares are poised for a pullback on Friday, tracking a global rout triggered by heavy tech selloffs in the United States and policy shifts involving Iran and AI regulation. The benchmark Nifty 50 is expected to retreat from 24,536.6 following a six-session winning streak.