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Earnings-driven IT bounce powers Indian shares to best week in six months
Indian share benchmarks posted their best weekly performance in six months on Friday, powered by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying elsewhere. Investors now await results from several heavyweight companies, including major banks, and the initial public offering of Jio Platforms. The Nifty 50 rose 2.8% to 23,146.15 and the Sensex added 3.1% to 74,729.27, marking their strongest weekly showing since April 10. On the day, the indexes gained 0.7% and 0.6%, respectively. The MSCI’s broadest index for Asi...
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