{
  "id": 19642947,
  "title": "Indian shares pause after foreign money-fuelled rally",
  "url": "https://urgent.news/2026/11/12/indian-shares-pause-after-foreign-money-fuelled-rally",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T10:33:52.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448581/indian-shares-pause-after-foreign-money-fuelled-rally"
  },
  "original_language": "en",
  "account": "Indian shares steadied on Thursday following a rally fueled by continued foreign fund inflows, declining crude oil prices, and subdued global AI trade. Overseas investors amassed $6.43 billion in Indian equities during November, marking the largest monthly purchase in over two years and propelling the market back to the world's fifth-largest by market capitalization, surpassing Taiwan. The optimism surrounding the market persists, with Dharmesh Kant, head of equity research at Cholamandalam Securities, forecasting potential record highs for benchmark indexes before the year's end if Brent crude prices remain under $100 per barrel.\n\nIndia's Nifty 50 index closed 0.18% higher at 25,299.35, while the Sensex gained 0.04% to 81,911.01. Both indexes have climbed approximately 10% this month, outperforming other emerging market peers after a two-year slump. Major global brokerages have also echoed this bullish sentiment, with HSBC elevating India to \"overweight\" and Citi and Bernstein increasing their target levels for the Nifty. However, not all sectors fared well, as 11 out of 16 major sectors declined on Thursday, while small-caps and mid-caps managed a 1.1% and 0.9% increase, respectively.\n\nFinancial heavyweights, favored by foreign investors, led the market's gains, surging 1.4%. Conversely, auto stocks fell 1%, ending an eight-day winning streak fueled by optimism regarding festival-season sales. Bajaj Finance, a non-bank lender, saw a 3.4% increase following its announcement of a $1 billion share sale to institutional investors. Globally, Brent crude futures slipped 1% to $92 per barrel as investors evaluated progress in Middle East peace talks and the Russia-Ukraine conflicts. India's consumer inflation data, scheduled for later Thursday, may have accelerated in October, nearing the Reserve Bank of India's 2% to 6% target range as rising food prices drove up household costs, according to a Reuters poll. The National Stock Exchange's listed stocks held a market capitalization of approximately $5.42 trillion, surpassing Taiwan's $4.4 trillion, as revealed by LSEG data.",
  "summary": "Indian shares ended steady on Thursday, after a rally driven by sustained foreign fund inflows, lower crude oil prices and a cooling global AI trade. Overseas investors have bought $6.43 billion of Indian shares in November, their biggest monthly purchase in more than two years, restoring the market to the fifth largest in the world by market capitalisation, overtaking Taiwan. “The market bias…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}