Indian equities fell on Thursday, poised for their longest losing streak in 25 years, as foreign investors' net selling reached a record high of $27.8 billion year-to-date.
India's Nifty 50 index fell 0.61% on Thursday, and the BSE Sensex index dropped 0.51%. If they close lower this week, both indices will record their eighth consecutive weekly decline, marking the longest such streak in 25 years. Data shows that foreign investors net sold approximately $1.06 billion in Indian equities on September 30 alone, bringing the year-to-date cumulative net selling to a record $27.8 billion. Hariselvan Radhakrishnan, founder and CEO of HST Wealth, noted that sustained foreign outflows and high borrowing costs continue to suppress market sentiment.
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