Foreign investors injected significant capital into India’s energy and telecom sectors in the latter half of November, continuing a trend from earlier in the month and October. While telecom saw substantial inflows, the oil and gas sector also attracted considerable investment. Conversely, FMCG and automobile sectors experienced outflows as investors booked profits and re-evaluated high valuations.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.