Markets retreat as oil pressure and FII selling weigh on sentiment

Rising oil prices and FII selling pushed markets lower, while PhysicsWallah delivered strong profit growth and TCS rallied after better-than-expected Q2 earnings.

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7 days ago

Markets retreat as oil pressure and FII selling weigh on sentiment

Markets retreat as oil pressure and FII selling weigh on sentiment
Indian equities weakened as benchmark indices slipped amid rising crude oil prices and sustained foreign investor outflows. The Sensex declined 300 points after FIIs sold shares worth Rs 656 crore, while domestic institutions provided partial support with purchases of Rs 2,549 crore. On the corporate front, PhysicsWallah posted a strong 70 percent jump in Q2 net profit to Rs 69.7 crore on 26 percent revenue growth, while TCS shares climbed 4 percent after a Q2 earnings beat.