Nifty’s 8% surge this week is the best since January 2021. Are bulls here to stay?

The Economic Times · Veer Sharma · 2026-11-06 08:45 UTC

Nifty surged 8% this week, marking its biggest weekly gain since January 2021, as foreign investors returned to Indian equities. Strong Q2 earnings, attractive valuations and a global shift away from AI-linked stocks supported the rally. The key question now is whether renewed buying can sustain the market's recovery.

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The scale of the rebound is particularly striking given the turmoil across global markets. While investors on Wall Street and across Asia have been rushing to cut their exposure to technology and artificial intelligence-linked stocks, Indian equities have moved in the opposite direction. The benchmark index's previous best weekly gain following this week's rally came earlier this month in April, when it advanced 5.89%.

The divergence between Indian equities and global markets has become increasingly difficult to ignore.

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