Indian shares fell on Wednesday, led by a decline in tech stocks amid fears of a prolonged high-interest rate regime after data showed U.S. retail inflation remained sticky in January.
"The recent correction in information technology stocks also provides opportunities for long-term investors as the valuations have turned very attractive," he said.
The trend reversal in foreign fund flows over the last few sessions is a catalyst for domestic equities, two analysts said. Over the last three sessions, FIIs bought a net 41.85 billion rupees of shares, reversing an earlier selling trend. So far in 2023, they have sold a net 442.51 billion rupees of shares.jumped 3.84% to a four-year high, and led the Nifty 50 gainers, after reporting a better-than-expected rise in quarterly profit due to higher sales of its Royal Enfield motorcycles.
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