Indian stocks slip further on crude, US yields and geopolitics while foreign investors favour IPOs and mid‑small caps

Indian equities extended their losing streak as higher crude prices, rising US Treasury yields, geopolitical tensions and foreign portfolio investor (FPI) selling weighed on sentiment. The broad market indices Sensex and Nifty continued to fall, reflecting the cumulative pressure from these macro factors. At the same time, foreign investors kept backing new listings, showing strong participation in recent IPOs. Their buying was not spread across the market; instead they focused on selected debt issues and on mid‑size and small‑cap stocks. FPI flow data shows a mixed picture: secondary‑market sales persisted but were offset by the robust IPO demand and targeted debt purchases. Interest in mid‑small caps also rose, indicating that investors are choosing specific segments rather than exiting Indian markets altogether. The overall pattern points to portfolio selectivity, suggesting that foreign money is reshuffling rather than withdrawing en masse.