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Foreign outflows and crude pressures weigh on Indian benchmarks
Indian markets closed lower as foreign investor selling and high crude prices offset intraday recoveries, keeping benchmark indices under pressure.
Indian equity benchmarks closed lower after a volatile session as persistent foreign investor selling and elevated crude oil prices weighed on sentiment. The Sensex ended 245 points lower at 83,382 after swinging between gains and losses, while the Nifty hovered near the 25,400 level. Market participants remained cautious amid uncertainty around global trade developments and energy prices. FII outflows and macro headwinds are limiting upside.