Indian markets dip as rupee weakens and FIIs pull out
Indian stock markets slipped 0.53% last week, with the Nifty closing at 26,046.95.
The big reason? Foreign investors pulled out over ₹9,200 crore this month, pushing total December outflows above ₹19,600 crore and sending the rupee to a fresh low against the dollar.
Why does this matter?
A weaker rupee and FII exits make markets jumpy—plus, it could mean pricier imports for companies (and maybe even higher costs for everyday stuff) as a general economic context.
Still, some technical signals suggest a short-term bounce might be possible if buyers step in soon.
What's behind the moves?
Sectors like defense (-3%), media, public banks, IT, and FMCG took a hit from selling pressure.
On the flip side, metals and consumer durables held up better thanks to sector rotation.
Uncertainty around US-India trade talks also kept investors on edge despite positive cues from US markets.
Sectors and stocks to watch
Private banks and financial services are showing strength right now; IT is picking up pace too.
If you're tracking stocks, HDFC Bank, Axis Bank, Reliance Industries, Eicher Motors, and Motherson are worth keeping an eye on this week.