Dalal Street defies global rout, posts best weekly gain in 6 years

Indian stock markets posted their biggest weekly gain in six years, defying a global tech selloff as falling crude prices and limited exposure to AI-linked stocks supported the rally. Nifty and Sensex gained 8.6% and 8.8%, respectively, this week, their strongest performance since February 2021. Foreign investors also made their biggest purchases of Indian equities in about six years.