NIFTY 50 slid 0.2% on Thursday as foreign institutional investors net sold ₹5,285.37 crore, with domestic institutional buying of ₹3,319.39 crore offering limited support.
Oil prices hovered near $106 a barrel, pressured by renewed shipping attacks in the Gulf and Houthi strikes on Saudi oil infrastructure, prompting concerns over supply disruptions.
The Jio Platforms IPO, a milestone for Reliance’s digital arm, drew attention from investors, though the company has yet to disclose its valuation or share price at this stage.
Traders are eyeing a series of US data releases, including September import prices, industrial production, and capacity utilisation, with forecasts of 0.4% growth in industrial output and 76.5% utilisation.
Investors now await the RBI’s next policy meeting, which could influence market sentiment and guide the direction of the NIFTY 50 in the coming days.