India’s benchmark indices rose sharply on Friday, snapping a seven-session losing streak, as the rout in global equities and bonds showed signs of ebbing.The Nifty surged 276 points, or 1.6 percent, to settle at 17,094, capping a tumultuous week.
Foreign portfolio investors (FPIs) continued to be net sellers of Indian equities for the eighth straight session and divested shares worth Rs 1,565 crore. FPIs have yanked out close to Rs 20,000 crore during this period.