Nifty rises 7% in best week since 2021, adds ₹15.7L/cr
Business
Nifty just had a standout week, jumping 7%, its best since early 2021.
This rally added a massive ₹15.7 lakh crore to the total value of BSE-listed companies, now at ₹498 lakh crore.
The main drivers? Strong second-quarter earnings from big companies and stock prices that look like good deals, which pulled in lots of foreign money even as global tech stocks struggled.
Foreign inflows ₹35,781cr into India
Foreign investors poured in ₹35,781 crore over five days, after months of selling Indian equities.
While US tech-heavy indices like the Nasdaq have been sliding, India's stable rupee and solid company results are making it the go-to spot for global investors looking for steadier returns right now.