09.11.202604:54:18UTC+00Sensex Slips After Seven-Day Winning Streak

India’s BSE Sensex slipped about 0.2% to 80,822 on Monday, ending a seven-session winning streak as investors locked in profits after a sharp rally in domestic equities. The Nifty 50 also faced selling pressure, following gains of roughly 10.5% over the seven sessions through Friday.

Sentiment, however, remained underpinned by robust foreign inflows. Overseas investors have purchased more than $4.1 billion worth of Indian shares so far in November, the largest monthly inflow since September 2024. At the same time, a global pullback from AI-related stocks is prompting investors to reassess Asian markets, with India standing out as a key potential beneficiary of a shift toward undervalued equities.

Technology shares led the decline, with TCS (-1.3%), Infosys (-1.9%), HCL Tech (-2.2%), and Tech Mahindra (-1.2%) among the prominent laggards. In contrast, financials and select healthcare names advanced, with HDFC Bank up 0.9%, State Bank of India gaining 2.3%, and SAI Life Sciences climbing 6.3%.