Foreign capital takes a breather: Indian stock market sees the longest continuous buying streak in two years with brief selling before continuing to buy.

According to the latest data obtained by the CITIC Financial App, global funds sold $279 million worth of Indian stocks on May 9, marking the first sell-off since April 11. Foreign investors had purchased over $6 billion worth of Indian stocks in a streak lasting 16 days, the longest in two years. However, the sell-off may be temporary, as the conflict between India and Pakistan has ceased, leading to the Nifty 50 index in India experiencing its largest increase in four years this week. Temporary data from Monday showed that foreign investors bought 12.5 billion rupees (about $145 million) worth of Indian stocks. At the same time, domestic Indian institutional investors remain buyers of Indian stocks, purchasing over $1.5 billion worth of stocks in the three days leading up to Tuesday.