Sensex and Nifty Open Higher After Record Weekly Losing Streak

Indian equity benchmarks Sensex and Nifty opened higher on Monday following their longest weekly losing streak in 25 years, aided by easing US monetary tightening concerns and lower oil prices.

HDFC Bank shares will remain in focus after the lender appointed Anup Bagchi as its next CEO for a three-year term, making him the first external candidate to lead the private bank.

Foreign portfolio investors remained net sellers on Thursday by offloading stocks worth 94.84 billion rupees, while domestic institutional investors purchased equities worth 100.42 billion rupees.