Reliance boosts Indian stocks amid geopolitical tensions
after close1 source ↓written by the desknot a recommendation
- in Indian equities
- $23 billion
Indian stocks saw a slight uptick on Tuesday, driven by Reliance Industries. However, concerns over the Iran war, rising US yields, and a record-low rupee kept gains modest. Foreign investors have sold about $23 billion in Indian equities this year, reflecting a cautious sentiment in a risk-off environment.
• Nifty and Sensex edged higher
• Foreign selling pressures persist
• Rupee's decline impacts attractiveness of Indian shares
Not investment advice. For informational purposes only.