Indian stocks set for pullback after sharp rally on oil slide

Indian shares are expected to break their six-session winning streak on Friday as global market selloffs and cautious investor sentiment weigh on the domestic market.

Foreign institutional investors previously bought stocks worth about 150 billion rupees ($1.6 billion), marking their biggest single-day net purchase in nearly six years.

GIFT Nifty futures traded at 24,460, pointing to a weaker opening after the benchmark Nifty 50 closed at 24,536.6 on Thursday.