Primary market buying offsets secondary weakness for Indian equities

Analysts note that while the secondary market lagged, FPIs kept buying in the primary market, injecting ₹2,703 crore into new issues and bringing the year‑to‑date primary‑market total to ₹48,550 crore. The broader indices slipped due to spiking oil prices and higher global bond yields, with the Sensex at 74,294.46 and the Nifty at 23,346.40.