Indian markets set for a positive Friday open
Indian stock markets are expected to kick off the week on a high note, as foreign investors have started buying again after earlier sell-offs.
The rupee has also bounced back from its recent dip, helping boost confidence.
FPI sales for December reached ₹21,104 crore by the 20th, but the mood is turning upbeat.
What's driving the shift?
Ajit Mishra from Religare Broking points out that selective FPI buying is giving the market some lift.
V K Vijayakumar at Geojit Investments sees signs that foreign investor outflows might be reversing, with more inflows likely next year.
On the corporate side, Infosys just teamed up with NVIDIA to offer a wide range of functionalities and platforms, and IHCL sold a big chunk of its Taj GVK stake to simplify things while still managing the hotels.