Indian Shares Rebound on $1.2 Billion Inflows as Nifty Slips Below 24,000
Updated
Updated · Bloomberg · Jul 10
Indian Shares Rebound on $1.2 Billion Inflows as Nifty Slips Below 24,000
3 articles · Updated · Bloomberg · Jul 10
Summary
Indian stocks recovered on Thursday, helped by fresh foreign buying and firmer global cues, even as the Nifty remained below 24,000 and headed to break a four-week winning streak.
A $1.2 billion net purchase by global funds this week has put foreign inflows on track for their strongest week of 2026, while early Asian gains and steady oil prices offered support into Friday's open.
TCS added to the constructive tone after reporting nearly 5% growth in June-quarter net income, with cost cuts and new deal wins offsetting weaker technology spending.
India-Australia agreements in energy and defense, including a landmark uranium supply deal for power generation during Narendra Modi's visit, could keep related shares in focus as investors weigh Middle East tensions.