Markets took a breather on Friday, with the Sensex dropping over 400 points, thanks mostly to HDFC Bank and Mahindra & Mahindra pulling things down.
Even so, the Nifty managed to stay above 25,100.
This dip comes right after a strong November rally where both indices jumped about 10%, so some investors decided it was time to cash in.
Foreign investors bought ₹7,831 cr
Rising oil prices (almost $95 a barrel) and higher retail inflation, now at 6.09%, are making everyone cautious, especially since India relies heavily on energy imports.
Still, foreign investors aren't backing off; they bought shares worth ₹7,831 crore just yesterday, which helped keep market nerves in check despite all the global uncertainty.