Continued domestic flows helped cushion the Indian markets from the impact of foreign selling in the first half of the year. China, Korea, Germany, France and the UK declined between 2% and 17% since October 19, last year, while the Nifty gained 1.4% in this period.
Indian markets have defied global weakness and hit an all-time high, breaking the previous record of October 19, 2021. Stocks such as ITC, ICICI Bank, Adani Enterprises, and Reliance Industries helped the Nifty sustain gains even as IT stocks lost favour among investors.
Continued domestic flows helped cushion the Indian markets from the impact of foreign selling in the first half of the year. China, Korea, Germany, France and the UK declined between 2% and 17% since October 19, last year, while the Nifty gained 1.4% in this period.
ET Bureau
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