Indian stocks buck global tech rout, post best week in 6 years

Indian equities recorded their strongest week in six years, with the Nifty 50 adding 8.6% and the Sensex advancing 8.8%. Both indexes ended Friday above levels last seen more than eight months ago, after extending their runs of daily gains.

Business Recorder reported that lower crude prices and lighter exposure to AI-focused shares helped India outperform as technology-heavy Asian markets fell. Overseas investors bought about 150 billion rupees ($1.6 billion) of Indian shares on Thursday, their biggest one-day net inflow in nearly six years. Indian IT shares also held up, while financial stocks and private banks posted strong weekly advances; a special Diwali trading session is scheduled for Sunday.