Foreign Institutional Investors (FIIs) have aggressively invested Rs 4,500 crore in Indian auto stocks following the GST rationalization announcement, anticipating a consumption-led rally. The GST Council’s decision to slash tax rates across auto segments, coupled with seasonal tailwinds, has fueled this surge. While autos, metals, capital goods, and financials saw inflows, consumer services, IT, and real estate experienced outflows.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026