Pulse of the Street: Foreign buying fuels rebound, oil risks linger
New Delhi, Oct. 30 -- The stock market clocked gains in October after two straight months in the red, as foreign investors returned in the just-ended week. Healthcare stocks led gains during the week, even as high oil prices continue to cloud corporate earnings.
After the sell-off in the precious week, the Sensex rose 1.8% and the Nifty 50 2% over the week. The recovery helped the Sensex finish October 2.7% higher, ending a two-month losing streak after declines of 5.8% in September and 1.5% in August. The Nifty rose 1.9% in October, after declining 6.1% in September and 1.2% in August.
On Friday, the Sensex gained 0.42% to 74,459.53, while the Nifty advanced 0.51% to 23,053.1.
Foreign portfolio investors bought more than Rs.14,0...
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