Indian Stocks Post Best Week in Six Years

Indian equities achieved their largest weekly gain in six years driven by foreign inflows and lower crude prices. The rally contrasted with a global tech selloff triggered by AI spending concerns.

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FILE PHOTO: People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024.

India stocks posted their biggest weekly gain in six years, rising 8.6% as falling Brent Crude Oil prices and low AI exposure insulated local markets from a global tech selloff. The rally cut the year-to-date gap with emerging-market peers. Foreign inflows reached 150 billion rupees in a single day, driving regional outperformance.