Indian stock markets saw significant gains on Friday, with Sensex and Nifty rising over one percent. Strong earnings from TCS and positive global sentiment boosted investor confidence. The Nifty IT index showed a sharp rally after TCS’s earnings announcement. Broader market indices like Nifty Midcap and Smallcap outperformed frontline indices. India VIX indicated controlled market volatility, suggesting a stable outlook for the coming week.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.