Indian shares pause after foreign money-fuelled rally

Indian equities finished Thursday with little change after a strong November advance supported by foreign purchases and softer oil. Business Recorder reported that overseas funds acquired $6.43 billion of Indian stocks this month, the largest monthly inflow in over two years, lifting India’s market value past Taiwan’s and back to fifth place globally.

The Nifty 50 added 0.18% to 25,299.35, while the Sensex gained 0.04% to 81,911.01; both are up about 10% this month. Sector performance was mixed: financial shares climbed 1.4%, but autos fell 1% after eight rising sessions, while Brent slipped 1% to $92 a barrel. Investors were also awaiting India’s October inflation figures, which a Reuters poll indicated could show faster price growth.