Indian stock markets snap record eight-week losing streak

Indian equity markets ended an eight-week losing streak with the BSE Sensex gaining 562.63 points to 72,472.33 and the Nifty 50 rising 98.5 points to 22,520.45.

Foreign institutional investors remained net sellers for the seventh consecutive week by offloading equities worth ₹30,294.29 crore, offset by domestic institutional buying.

Market participants will track upcoming US inflation data, domestic CPI and WPI inflation figures, and crude oil prices staying above $100 a barrel.